Tips for Tax Exemption on Charitable Donations in United States

Charity is a two way path that benefits both its recipient and donor. It is needless speaking about the way charity can uplift lives and restore hope in shattered lives. On the other side charity is financially beneficial for the donor as it paves a way for an individual to save a good amount on his or her personal tax returns. The Internal Revenue Service (IRS) won’t allow a tax exemption just because the donor had accomplished a generous task.

Charity brings meaning to life. The donor is deeply satisfied with his own self when his gift is able to change a life and serve a greater purpose to humanity. Charity is a two-way path. The more you give the more blessings you get in return. Giving to charity helps both the recipient and the donor. While charity enables an individual to gather the strength to face the struggle of existence on this planet it also helps the donor to save some extra cash on his personal tax return statements through his generous efforts.

Health, education, food, shelter, safety, and freedom of speech are the vital pillars of our society. These are the rights of the people belonging to any democratic state. However, the reality that we witness today is painful and tragic. The rich and wealthy population is enjoying treatments and medications because they have the ability to pay for all these services while the poor and marginalized people are deprived of basic healthcare and other medical facilities due to their inability to pay for the catastrophic medical bills and costly medicines beyond their financial range.

Business is a part of the society and the time is gone when business houses could separate them from the rest of the community. The business houses and corporations affect the survival of many people, their surroundings, natural resources and the environment often by implementing their aggressive and profitable business strategies.

Corporate Social Responsibility is about building and implementing strategies which involves our planet, its people, and business profits together to achieve sustainable growth. It is not that without CSR a company cannot exist but it is just that with well strategized and well-implemented CSR program a company can flourish.

Charitable trusts are working sincerely to resolve the most complicated issues of our society and are forbidden to join any commercial activities. Charitable trusts are allowed to generate profits on their particular trading, products or services but are bound to spend these profits in charitable projects for the recipients. Charitable Trusts are non profitable organizations so they cannot distribute any profit among their trust members.

Welfare organizations work for the wellbeing of people. These organizations work to ensure secured, happy, and healthy and safe living for all in the society. Every circumstance in life can affect an individual’s wellbeing, including factors like access to nutritious food, education, employment, medical facilities and secure housing.

Corporate social responsibility (CSR) refers to the moral and ethical efforts made by a company for the betterment of the society in some way. Now a company can contribute in numerous ways to improve the society ranging from donating money to nonprofits or charitable organizations or implementing environmentally friendly policies in the workplace.

Medicine is the only specialized field which deals with every process of life. It is not only the science which consists of compounding pills and plasters but the art that touches lives and delays the patient’s death improving the quality of life. Every human life is worth the same and worth saving regardless of race, caste, creed, religion, financial strength and social standards. Poverty has become a big threat to human security everywhere.

Pakeeza a 14 months old child is suffering from a heart disease which is making her vulnerable from inside. When she was just three months old the doctors diagnosed her with Right Ventricular outflow tract. She was given medicines for temporary relief but badly needed a surgery for complete recovery. Pakeeza’s parents saw the miserable condition of their daughter, trembling in fever, turning blue in severe chest pain and having breathing problems.