Wyden Your Horizons!
The Newsletter of VanderWyden Consultants, Inc.
Headquarters: 118 Westchester Drive, Amherst, Ohio 44001
Additional Offices in Los Angeles, CA and Atlanta, GA • Toll-free Phone: 888-245-5826
Providing Professional Counsel
for Churches & Non-profit Organizations
E-mail: Bill@WydenYourHorizons. com • Web: www. WydenYourHorizons. com
Capital Fund Campaigns, Operating Budget Campaigns, Planned Giving Campaigns
INSIDE THIS ISSUE. . .
1. Wyden Your Horizons with Year-End Generosity Click
2. An Opportune Time to Raise Capital Funds! Click
3. Online Giving Increases Dramatically Click
4. Senate Endorses Bill to Increase Charitable Giving Click
5. About VanderWyden Consultants, Inc. Click
6. Subscribe / Unsubscribe Instructions Click
In this end of the year Edition of Wyden Your Horizons,
we review the unique opportunity for generous giving that has been provided
in 2005: a perhaps "once in a lifetime"
opportunity to make a large gift and be able to take unparalleled tax
advantages. We are happy to provide this free email
newsletter as a way to share our insights about the blessings and joys of
generous giving. This publication is provided as a resource for
organizations, churches, and individuals, who are raising funds for good
causes. Please feel free to forward this email to family, friends,
colleagues, and co-workers who may be interested in subscribing
themselves. We pray that you and all of your families and
loved ones enjoy a most blessed Holiday and New Year!
Wyden Your Horizons
with Year-End Generosity
Your Church or Non-Profit Organization could possibly raise more money in
December than in the previous 11 months of the year, if you remind your
members of this "one time only" opportunity.
For this year only,
Congress has changed the rules on charitable gifts to help all charities
in this time of great national need. During 2005 donors can deduct
gifts up to the full amount of their annual income, if the gift is made
as a cash donation. In
addition, another opportunity provided in the legislation permits IRA
withdrawals to make fully-deductible gifts to charity. Many of your donors may be able to
take advantage of this special opportunity to make a much larger gift than
usual and to take a full tax deduction.
There are also several opportunities
for end of the year gifts that have been offered for many years :
Appreciated Stocks, Bonds, Mutual Funds, Real Estate, etc. can provide a major
tax savings. If the asset has been owned for more than year, a donor
can deduct the full fair marketable value of the asset as a charitable
donation, and at the same time avoid Capital Gains tax on the Appreciations.
|Personal Property is fully deductible at fair market value, if the gift is used
directly for the charity's tax exempt purpose.|
|Life Insurance, if donated by
naming the charity as the sole owner and beneficiary, can provide income tax
|A Charitable Remainder Trust offers substantial tax savings
through a current income tax deduction and also avoids Capital Gains Taxes. It
also provides annual income to you or your family. The trust is best funded with an
asset-appreciated property or securities.|
This month is a key time to remind your members that generous giving can
be a "Win-Win Opportunity" to provide benefits to others and at the same
time to take advantage of unique end of the year tax benefits.
always with the above opportunities, you must consult with your professional
tax advisor to be advised as to how these opportunities may apply for you or
your organization. VanderWyden Consultants, Inc. does not profess to have
expertise in tax advice. The above mentioned items suggest opportunities
that may or may not be applicable. Top
If you have deferred maintenance projects for years on your facilities, if your facility
needs major renovations to meet the needs of your community, or if you need to
add a new facility, next year could present a great opportunity! With stocks and mutual funds
experiencing major increases in value in the past
year, your members' assets have increased significantly in value for donation
purposes. At the same time, interest rates are still relatively low, making it
possible for you to borrow more than you might be able to at other times. All
this means that you may be able to afford a much larger capital project than in
years past. If you have postponed building projects, now is the time to take
advantage of a great opportunity. Top
An Opportune Time to Raise
You Could Increase the Giving to Your Church or Organization if you offer the
Opportunity for Online Giving
Online Giving Increases Dramatically
Online giving by internet users initially spurted in response to the 9/11
attacks, with 10% of internet users making online gifts in October 2001,
according a survey by the Pew Internet and American Life Project. In January
2005, shortly after the Southeast Asian Tsunamis, occurred 13% of internet
users made an online gift. Now during September and October of 2005, after the
Gulf Coast Hurricanes, 18% of internet users, or 26 million people indicated
they made a onetime gift through the internet. But the interesting fact is
that only 50% of those givers gave to help those who were victims of the
Hurricanes. The other 50% or 13 million people gave for other causes!
You could possibly significantly increase your number of donors, and/or increase
the amount your present donors give, if you offer the opportunity to give
online. This could be a relatively easy option to implement, by either putting the
option of online giving on your Website, and/or contacting your members for whom you have email
addresses and suggesting this possibility. Top
The U.S. Senate Endorses Bill to Increase Charitable Giving
In addition to the
bill passed by Congress that impacts year-end giving for 2005, the Senate
has recently endorsed a bill that would further increase charitable giving in 2006 if
the bill is approved by the House and becomes law. The major provision of the
bill would allow tax payers who do not itemize to be able to deduct a
portion of their donations. Individuals could write off sums in excess of
$210, and couples filing jointly could deduct the amount of gifts above $420.
The measure also would continue the ability for older people to withdraw funds from their
individual retirement accounts and donate them to a charity, tax-free. If enacted, these
measures could stimulate giving to churches and non-profits.
Before these opportunities can be enacted, the bill must be reviewed by
the House of Representatives, and a conference committee of the two chambers
would have to work out the final wording of exactly how these giving
opportunities may be available.
This would be a good time to contact your legislators to ask them to support
this bill that could provide great opportunities for donors. Top
ABOUT VANDERWYDEN CONSULTANTS, INC.
VanderWyden Consultants provide professional fund-raising
guidance to non-profit organizations and churches who need assistance
with their fund-raising. We provide professional guidance for Capital Fund Campaigns, Stewardship
Operating Budget Campaigns, Planned Giving Campaigns, Comprehensive
Financial Feasibility Studies, and the dynamics of stimulating growth in
Our staff has conducted over 350 successful campaigns throughout the United States.
Our Joy of Generosity Capital Fund Campaign program enables churches
to raise as much as 13 times existing giving levels, and our Wyden Your
Horizons Operating Budget Stewardship program results in increases of
SUBSCRIBE UNSUBSCRIBE INSTRUCTIONS.
To subscribe to this newsletter, send any email to Subscribe@WydenYourHorizons. com. To unsubscribe from this newsletter, and to remove your name from our database, send any email to Unsubscribe@WydenYourHorizons. com.
Doing so will generate automated replies from our database, requiring a confirming click. Email providers occasionally place this reply email in your Bulk, Junk, or Späm folders -- so be sure to look there.
If you do not receive or click the link in the reply email, you will not
be subscribed or unsubscribed.
You can also contact me directly by replying to Bill@WydenYourHorizons. com. I will be happy to respond promptly and accommodate your requests.
Please forward this to family, friends, colleagues, and co-workers
who may be interested in subscribing themselves.
Rev. P. William VanderWyden, C.F.R.E.
Headquarters -118 Westchester Drive, Amherst, Ohio 44001
Toll-free Phone: 888-245-5826 (888-Bill-Van)
E-mail: Bill@WydenYourHorizons. com
Web: www. WydenYourHorizons. com