Changing Lives
Saving Money!
Donors who make a gift of $1,000 or more in 2009 are eligible to receive tax credits through the State of Missouri's Youth Opportunity Program or Residential Treatment Tax Credit Program.
Tax credits are allocated to organizations such as Epworth for administering outcome-based, positive youth development projects and for providing residential services for foster care youth.
HOW DO TAX CREDITS WORK?
You can claim 50% of your donation as a state tax credit. In addition, you can claim your donation on your federal income taxes, to the limit of your taxable income. You have five years to use all your credits.
Here’s an example using a cash gift of $5,000:
$5,000 contribution at a 35% tax bracket
Federal tax savings (1) = $ 875
Missouri tax savings (2)= 150
State tax credit (50%) = __$2,500
Total tax savings = $3,525
Cost of gift after taxes = $1,475
Epworth’s kids receive the full $5,000 benefit on Youth Opportunity Program Tax Credits!
Stock gifts transferred to Epworth are also eligible. In addition to the tax credit, a donor will owe no capital gains tax on any appreciation. As with any gift, how much is deductible for tax purposes will depend on your unique circumstances and tax bracket, so please consult with your accountant.
More information or to download an application |
Thank You!
for joining us
on Saturday, June 13,
at Blue
Heron Farms in Defiance, Mo.
for
our 14th annual Polo match and
dinner. A great time was had by
all!

Photo by David Schweihs
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