December 2007

Issue 3

New Photos: Visit our website to see pictures from:

Financial Fitness

Grants Showcase

Contributing Artist: Candace Harris


The Women’s Foundation is proud of Candace and grateful for the gift of her artwork for our holiday card. Candace is a youth participant in the Women’s Foundation Memphis HOPE project. 49% of the individuals beings served through Memphis HOPE are under the age of 18. Additionally, 84% of the households are single parent. Indeed, it is for these children that a mother hopes…Let every day be a gift.

Visit our website to learn more about Memphis HOPE >>

In This Issue

A Mother's Hope for the Holiday

New Photos

Contributing Artist: Candace Harris

Trim Taxes Through Charitable Giving

Trim Taxes Through Charitable Giving

Here are a few tips that explain the tax benefits of charitable giving.

Your gift benefits charity more than it costs you. The actual cost of the donation is reduced by your tax savings. If you are in the 33% tax bracket, the actual cost of a $100 donation is only $67 ($100 less the $33 tax saving.)

Giving appreciated assets. By contributing long-term appreciated securities with unrealized long-term capital gains directly to charity, versus selling the asset and donating the proceeds, individuals can give more to charity and enjoy tax savings.

IRA Charitable Rollover. IRA owners who are 70 1/2 or older can make direct, tax-free donations of up to $100,000 from their IRAs to qualified charities.

It is not too late! Putting the check into the mail constitutes payment. A contribution to a qualified charity is deductible within the year it was made. A contribution made on a credit card is deductible in the year it is charged to your card.

Consult your tax adviser to fully understand the personal tax implications for you.



Women's Foundation for a Greater Memphis
8 South Third St. Suite 110, Memphis, TN 38103
901.578.9346 901.578.9446 (fax)
www.wfgm.org