...reputation of a charity if they were caught misusing money? How is it possible to know if the charity is reliable or not? The Susan G. Komen Foundation, the Red Cross, and the United Way are examples of charities that have misused people’s money. The Susan G. Komen Breast Cancer Foundation was one of the variety of charities that misused people’s money. It is important to research charities before you donate money to them because it could be a scam or they could be dishonorable. “[I]t spent only about 20% of its donations for research; the biggest expenditure category was public education, at more than 50%” (Hiltzik); this is an example of how this charity misused the money. Instead of using more of the donated money for research, they used most of it for education. Yet the people who donated thought that the money was going to go towards the research for a cure of breast cancer....
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...groW Make W Investing in Water; Tales from a Wealth Advisor; Robert Shiller on Wall Street Best Restaurants; First-Run Films at Home; Companies Solving Water Crises live Questions for Your Yacht Builder; WaterRelated Philanthropy; 10 Extraordinary Boats ® the evolution of financial intelligence Charting troubled Waters The Blue Issue worth.com volume 21 | edition 02 Boston, MA Leading Advisor Fidelity CharitableSM Ryan Boland, Director, Complex Asset Group “ ” When does it make sense to donate real estate to charity? By Ryan Boland While the donation of appreciated securities—stocks, bonds and mutual funds—is common, relatively few individuals donate real estate to charity. Under specific circumstances, however, such a donation can be mutually advantageous to both the giver (the owner of the real estate) and the recipient (the charitable organization). At a most basic level, those circumstances are: (1) when the property in question has significant long-term appreciation, such that the owner would incur a sizable capital gains tax upon selling it, and (2) when the property is relatively easy for the charitable organization to liquidate, with minimal chance for incurring liability or major carrying costs prior to the sale. These conditions are most frequently met by individuals seeking to donate a long-held primary or secondary home. The donation of commercial or industrial real estate...
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...Charities Research Report How many people give money to charity because they rely on the charity’s reputation or purpose? Does people’s compassion conquer their reason? Does the charity’s rationale guide its financial expenditures? The Red Cross Charity Foundation, The Susan G. Komen Breast Cancer Foundation, and United Way Charity all have made false claims involving the public’s finances toward their missions to assist the underprivileged and the sick. These articles show that the people’s generous donations have not being going to the actual project that they donated to, for a specific cause. The charities seem to be getting involved with politics, and using the money for personal reasons and not giving it to the people that they said...
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...donating our technical equipment to Native Americans on reservations. Kroger has a wonderful and unique opportunity to aid Native Americans with this one time donation of technical equipment, without forfeiting any donations to their local charities. The technical equipment would consist of six large color copiers, 55 laptops, and 75 desk top computers. All of the equipment is from the Corporate Offices in Cincinnati and at the present time is not ear marked for any destination. My research shows there is a need for this type of donation. This one time donation will bring national attention to the needs of Native Americans and continue to confirm Kroger as the leading contributor to those in need. Attached you will find an executive summary and a detailed report with my conclusion and recommendations. If you have any questions on this report please email me at testaj27@yahoo.com. TABLE OF CONTENTS Page EXECUTIVE SUMMARY……………………………………………………………………….3 INTRODUCTION………………………………………………………………………………...4DONATIONS……………………………………………………………………………………..4 Figure 1-Chart………………………………………………………………………………5 KROGER’S CONTRIBUTION PROGRAMS…………………………………………………...6 DONATIONS MADE BY RETAIL STORES……………………………………………6 DONATIONS FROM KROGER FOUNDATION……………………………………….6 DONATIONS RAISED IN...
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...Issue: How to plan with charitable deductions to public charities, private operating foundations and private non-operating foundations. For this issue, the focus will be on charitable contributions and deductions of individuals. Definitions: Public charities: All organizations, foreign and domestic, described in IRC 501(c)(3) are private foundations except the types of organizations set forth in IRC 509(a)(1), (2), (3), or (4). Some examples of the exceptions that would qualify as public charities, as defined in 509(a)(1) and IRC 170(b)(1)(A)(i)-(v) are: churches, educational organizations, and hospitals. Private operating foundations, as best discerned from IRC 170, are foundations whose income or assets are used for operations that directly benefit the public, rather than for grant making. Some examples would be zoos, museums and libraries. Private non-operating foundations are foundations whose income or assets are disbursed to other, charitable organizations. Some examples are foundations that support cancer research. For this topic: Contribution base means adjusted gross income (AGI). For this topic: Capital gain property is defined as any capital asset that, if sold, would result in a long-term capital gain. Additionally, any property that is used in the trade or business should be treated as a capital asset. Analysis: IRC 170(a)(1) states: There shall be allowed as a deduction any charitable contribution…which is made within the taxable...
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...Have you or someone you know ever donated to a charitable foundation and thought you were making a big difference? Unfortunately I am sad to say this is not always the case. I am not saying 0 percent of your hard earned money is going towards the true cause of the charity. However, I think you would be surprised at how small the percentages can be for some organizations. Not all organizations are bad, however it is surprising to learn that certain well known organizations are not “mission” minded as they could be. One example would be the Susan G. Komen Foundation for Breast Cancer Awareness. When the Susan G. Komen Organization started it was a small non-profit organization that was intent on helping people with breast cancer. Now it...
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... They have a variety of different programs that have been implemented to assist in the encouragement of success positive life changes for the clients they serve. The programs services that are used to focus on the mission of the Star of Hope, includes; education, employment, life management, substance abuse and spiritual growth. Although the Star of Hope is dedicated to providing the services needed to transform the life of homeless, men, women, and their children, these services do not come without a price to the organization. The Star of Hope utilizes many different funding sources to support the program services, such as public and private donations, the United Way, churches, civic and community groups, corporations, grants and foundations. In addition there is also the memorial and tribute program, according to the Star of Hope this program gives people the opportunity to remember special individuals with a memorial or tribute gift. The wills and estate program, which allows a person, to plan a tax deductible gift to a ministry service or other charitable programs, and finally there is the stock donation program, which allows a person to transfer their donated stock directly to the organization for the full value. Technology has paved the way for online giving for individuals making cash donations. There is a continuous online fundraising campaign that to date has reached 41% of its goal for the year. The funding sources that are being used have evolved from 1906...
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...global community we have improved. Charitable acts such as helping, giving, and volunteerism have been on the rise; through technology, globalization, and more people getting involved we have brought the standard of living in the world up over the last 30 years. In 1981 more than 50% of the world lived in absolute poverty – this is now down to about 14% (Rosner 2015). With all of the technology and globalization we do have to be more aware than ever when we give money to organizations that we are not familiar with, there are fake charities out there. Technology has been the greatest way that we have brought people out of absolute poverty. Websites like causecast.com and e-volunteerism.com allow people to network and find others interested in helping. Casuecast.com allows companies to be more philanthropic. It allows companies to pick a charity and the employees can volunteer and give through there paychecks. It also allows companies and charities to connect on a wider scale. The fact that most soup kitchens and shelters now have an e-presence to enable people to more easily connect to the shelter or kitchen and volunteer time or donate money. We have churches that when missionaries do mission trips they can now email friends, share there journey on facebook, and ask for help through online social sites. This enables more people to see the experience of helping others and in turn they donate more money to the people able to give their time. Also in the churches with online presences...
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...Shoes It is often assumed, after the past decade of scandalous CEOs and selfish executives, that the perspective of today’s “businessman” is one who strives to cultivate a small empire of affluence and happiness, private jets and vacation homes. The world is shown each and every day how the malicious business practices of one person can easily translate to the disintegration of the whole corporation. However, in rare instances, a businessman like Blake Mycoskie, the creator of TOMS Shoes, arrives on the scene and what he shows the world is that big business, and a big heart, can go hand in hand. TOMS Shoes was created in January of 2006 by Blake Mycoskie after an inspirational trip to Argentina gave Mycoskie an idea that was the foundation for both a business, and a charitable cause. That idea is what is now more commonly associated as TOMS motto, “One for One” (http://www.toms.com/our-movement). The TOMS concept is for every pair of shoes purchased from their company, one pair is provided to less fortunate children in locations around the globe. TOMS, headquartered in Santa Monica, California, has tested and excelled at the dual mission business model of being a for-profit company which is centered on giving. Creator and “Chief Shoe Giver”, Blake Mycoskie says of the TOMS company, “Giving is what fuels us. Giving is our future. It’s the core of our business . . .” (The Giving Report, TOMS.com, 2010). COMPANY MISSION One For One The idea for TOMS came to...
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...Philanthropy is the desire to promote the welfare of others, expressed especially by the generous donating money, volunteering at local shelter, or raising money to research. The United States has a long history of philanthropy dating back to the early settlement by Europeans. Alexis de Tocqueville, writer of Democracy in America, noted that America’s success as a non-aristocracy relies on philanthropy. He regarded philanthropy as a large part of American life. To the contrary, even though China has more than 5,000 years’ history and more than 10 million companies with operating license or industry and commerce registration, the Chinese people still don’t have a tradition of philanthropy. From looking at the individual’s level, according to...
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...different entities. Catholic Charities sees stakeholders as individuals, businesses, corporations, groups, suppliers, or organizations that have an interest or concern in them. The primary objective of Catholic seeks to balance each stakeholders in, maximizing their value and efficiently managing individual self interests and expectations to create value in order to serve their primary goal of strengthening the lives of all in need by giving help that empowers and hope that lasts. To this end we affirm and support the dignity of all human life, strengthen families and serve the poor and most vulnerable. Stakeholders for Catholic Charities include the various businesses that use Catholic Charities fundraising causes for networking events. Included are also the employees and beneficiaries of Catholic Charities. Catholic Charities does an amazing job fundraising, with an average of 5% of the revenue going to funding the events and 95% going to charitable contributions. One way they can increase fundraising to their stakeholders is potentially combining events with charitable acts. They could form a subsidiary catering group and based on availability, try and employ job seekers to staff their fundraising events such as their wine tasting, snowball, ect…. They would become less dependent on donors and potentially help people build their resumes and contact/recommendation lists to find gainful and more permanent employment opportunities. Catholic charities could also provide volunteer...
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...Yulisa Flores Performance task B: Risking it all for fifteen minutes of fame Why risk it all for fifteen minutes of fame? So much people sacrifice their lives on the daily just to set a new world record. Why do people risk it all like that when it’s not even worth it? Risking your life just to set a new record or be in Guinness’s world record book isn’t worth it. What’s after that what if you die just to have a nice fifteen minutes of fame? Is it really worth it? People such as Abby Sunderland or Jordan Romero that risks it all just to be famous. There is various theories on what could happen to a young teenager such as Jordan when climbing a mountain. Theories say that a young teenager’s brain is more vulnerable than the average adult’s brain. Jordan might have climbed the seven peaks of Mount Everest along with his parents that doesn’t mean that he couldn’t have gotten some type of brain damage up there. He isn’t even 16 and he already wants to set a new world record, when he knows that so many risks are involved. Another example, Abby Sunderland. Abby Sunderland was a sixteen year old girl who decided to sail the oceans of the world only to get trapped in the Indian Ocean because her mast broke down because of the waves. She was left with o navigation gear left so she could continue her journey. Point is there is so many things that could happen to you as a human being and all for what? What’s the point of risking your life to set a new world record if three...
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..."Give and it shall be given unto you" are the first lines of a popular gospel song generally sung during offering time. When I think of philanthropy, this song comes to mind. Philanthropists charitably give without seeking a tangible return. They receive emotional rewards such as happiness, satisfaction, and many more. According to Berkeley University, “giving feels good when you make it a choice, make a connection, and make an impact.” This is why I would be honored to be a part of this Youth Philanthropy Committee. As a boy scout, giving is an important aspect of my life. Our Boy Scout Motto is “Do a good turn daily.” I strive everyday to do that good turn. It has been my decision the 4 years that I have been in the program that giving is my good turn. Whether it be time, money, or even knowledge, I give everyday. As a member of the Youth Philanthropy Committee I will continue my good turn in giving to charitable organizations. Within Boy scouts, choice is a big thing. We have to chose to show up on time, and chose to go to events and do requirements to eventually reach the rank of Eagle Scout. Just a couple a few months ago I volunteered at the Hands against Hunger project in Cincinnati. From this experience, I gained an undisclosed knowledge of how people really struggled in rural places such as Haiti. It taught how to be a charitable giver in my everyday life, and I will apply this experience to the rest of career. While my ability to make choices is one reason I would...
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...THE BUSINESS ENVIRONMENT – UNIT 1- ASSIGNMENT 1 P1 The two businesses’ I have chosen are ASDA and OXFAM. Both are business are hugely recognised, but differ in their business approach. Asda’s aim is to provide a variety of food/necessities/clothing/fuel and to make a profit of these sales, but still provide them at a competitive rate. However Oxfam’s aim is to aid those who are less fortunate by providing clothing, food, shelter at no cost. Oxfam has no intention of making profit as it is a charitable business. This compares to Asda who do want to make a profit, for their providing of goods to customers. Both businesses are in fact similar in the way that they provide, but one (Oxfam) is less profit probing than the other. ASDA Asda is an English based supermarket/stall. Formed in the 1920’s by English farmers, it is now part of the Wal-Mart family. Wal-Mart is an American based business who specialise in similar activities as Asda does in the UK. Wal-Mart bought Asda in 1999 for approximately 6.7bn. Asda is an international business as it operates on quite a large scale in certain countries around the world. This is because it is part of the Wal-Mart family, which operates internationally. Asda provides customer service by providing goods to customers for a price. These goods include clothing (George), food, technology items. Asda have both business and ethical aims and objectives. One of the most obvious aims is to provide locals with a variety of purchasing choices...
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...In the wake of hurricane Sandy many people were forced to take time off work in order to get their personal lives back in order and in many cases the time that was taken off exceeded their paid time off. This prompted many employers to create PTO-donation and leave sharing programs in which employees could donate the pay from their PTO to people in need. The question then came up as to how this donated compensation should be taxed. The IRS ruled that in most cases the employee who is donating the PTO must include the amount donated as compensation income. Because the donation is compensation income it is still subject to FICA and state/federal income taxes. There are a few ways these taxes may be paid; by the employee resulting in less cash for them, my the employer costing them money, or by taking it out of the donated amount resulting in a lesser donation. Because the PTO is being donated to a charitable organization on the employees behalf the employee is able to take the amount donated as a charitable contribution deduction on their tax return. Employees who do not participate in the donation program are unaffected by their choice not to participate. This is because of the doctrine of constructive receipt does not apply to them. Basically because the payments are not being directed to the charitable organization the employee is receiving the funds of their PTO themselves and will have to pay their own taxes on their own if they choose to use the money. Employees who...
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