There are many methods to contributing, all of which can benefit you on your tax return.
Here are some methods of giving that you should consider. Remember that donations to Chabad of Simi Valley are 100% tax deductive (speak to your accountant to see how this will benefit you on your return).
Auto Donation - If you are planning to purchase a new vehicle in the next few months donating it to Chabad of Simi Valley can bring you a greater value on your tax return. Your tax donation value would be evaluated based on www.KBB.com while selling it on the open market may bring you 30-40% of that value.
Real Estate Donation - You may have real estate that has depreciated in value. It may be possible for you to get the full appraised value for that real estate even if you couldn't sell it for that amount.
Appreciated Stock - Due to the shifts in the market over the past year you may have appreciated stock. Donating (transferring) the appreciated stock directly to Chabad of SImi Valley helps you avoid capital gains tax while getting you a donation credit at 100% of the stock value.
Cash (or check or credit card) - Of course good old fashion donations via check, credit card or wire transfer to Chabad of Simi Valley all can benefit you on your tax return. Speak to your tax advisor to see exactly how your contribution can benefit you. Donations to Chabad of Simi Valley can be made via website www.chabadsimi.org/donate, or via mail. Feel free to email or call if you need more information.
Airline Miles - Donating your AMEX award miles: Donating airline miles award miles or similar award programs is now considered a charitable contribution eligible to be deducted on your taxes. Click on the above link to donate AMEX award miles. For other airlines, or for information on any other contribution please contact me by replying to this email.
If there is a will ... : Include Chabad of Simi Valley in your estate planning!
The real value of your contribution is above and beyond the cash value as your dollars are directed to helping us achieve our mission to inspire every Jew regardless of affiliation or background and to provide opportunities for Jewish education and experience.