Many donors don’t realize how powerful charitable giving can be in reducing their taxable income while directly impacting the lives of children with physical disabilities. Since the Wampler Foundation is a 501(c)(3) nonprofit, all contributions are tax-deductible to the fullest extent allowed by law.
- Offset Taxable Income: Donations can lower your taxable income, potentially placing you in a lower tax bracket.
- Capital Gains Tax Savings: If you donate appreciated stocks, real estate, or other assets, you can avoid paying capital gains taxes while still deducting the full fair market value.
- Required Minimum Distributions (RMDs) for Retirees: If you’re over 70 ½ and have an IRA, donating directly to the Wampler Foundation through a Qualified Charitable Distribution (QCD) can satisfy your RMD requirement while reducing your taxable income.
- Estate & Legacy Planning: Large donations can reduce estate taxes and create a lasting legacy through endowments, donor-advised funds, or naming rights.
Maximizing Your Tax Deduction
- Itemizing Deductions: If you itemize on your tax return, you can deduct up to 60% of your adjusted gross income (AGI) for cash donations.
- Corporate Matching & Deductions: If you’re a business owner or corporate donor, your contributions could qualify as a business expense, providing even greater financial benefits.
The Impact: Your Money Makes a Tangible Difference
It’s one thing to save on taxes, but the real win is knowing that your donation helps kids with disabilities experience outdoor adventures and gain independence—something that would otherwise be out of reach for them.
- Your donation could send a child to Camp Wamp, covering all expenses, including adaptive equipment.
- You could fund leadership programs, preparing these kids for a future of independence and confidence.
- You’re helping remove barriers for children with disabilities, giving them a chance to explore the great outdoors like any other kid.
So, would you like to explore the best way to structure your donation for maximum tax benefits and impact? We’d love to hear from you.
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