Donate Beyond Monetary Means
CollectiveAid creates fundraising and donation opportunities across all spectrum in a manner that participants can donate their goods and/or services to their choice of not-for-profit organization or school – at the rate of their choice without any middle-man.
At CollectiveAid we understand the situation and decided to come up with a solution that can help us all. Whether you are an Individual or a Business owner, you still can help the cause, organization, and school of your choice by simply doing what you do day-in-and-day-out. Registration is FREE, so what are you waiting for…!!?
One of the most immediate benefits to your business from supporting a charity is being able to get a charitable donation tax deduction. Donations that are generally tax-deductible include sponsorships of charities or events, donations of inventory or services and cash donations. In general, you can get deductions on charitable donations of up to 50 percent of your Adjusted Gross Income – but be sure to follow the rules closely to avoid any tax problems.
What charitable organizations are considered 'qualified'?
Most charitable organizations qualify for a charitable contribution deduction, but not all. Look for the 501(c)(3) designation to be absolutely sure, although religious organization do not have to file for 501(c)(3) status. Tax deductions are not allowed for donations to an individual, a foreign government, foreign charities, and certain private foundations.