| QUOTES from
the
Masters... |
| On Purpose |
On Commitment |
| "A
man without a purpose is like a ship without a rudder." -– Thomas
Carlyle
"Let
us endeavor so to live that when we come to die even the undertaker
will
be sorry." -- Mark Twain
"The
longer I live, the more I am certain that the great difference between
the great and the insignificant, is energy -- invincible determination
-- a purpose once fixed and then death or victory." -- Sir Thomas
Fowell Buxton |
"A
commitment is like your signature on a contract: it binds you to a
course
of action." -– Nido
Qubein
"Throw
yourself wholeheartedly into your work; the more you enjoy it, the
better
you get." -– Brian
Tracy
"You
make up your mind before you start that sacrifice is part of the
package."
-- Richard M. DeVos
|
|
What
Is a Charitable Gift?
A charitable gift
is a donation of cash or other property to, or for the interest of, a
charitable
organization. The gift is freely given with the primary intention
of benefiting the charity.
Whether given during
lifetime or after death, charitable gifts are eligible for a tax
deduction, but only if
made to a qualified charitable
organization. For example, you
may
have a relative who has fallen on hard times, someone you choose to
help
with gifts of cash. While you may be motivated by charitable
intentions
in making these gifts, you cannot deduct them for either income tax or
estate tax purposes.
In general, qualified
charitable organizations include
churches,
temples, synagogues, mosques and other religious organizations,
colleges
and other nonprofit educational organizations, museums, nonprofit
hospitals,
and public parks and recreation areas. Gifts to these types of
organizations
qualify for a federal income tax deduction if made during your lifetime
or, if made after your death, can be deducted from the value of your
estate
for federal estate tax purposes.
Why
Consider a Charitable Gift?
People give to charities
for a variety of reasons. They give:
Because
they have compassion
for the less fortunate.
From a
belief that they
owe something back to society.
To support
a favored
institution or cause.
For the
recognition
attained by making substantial charitable donations.
To
benefit from the
financial incentives our tax system provides for charitable gifts.
|
According
to the Giving USA Foundation, individual giving
accounted
for almost 75% of all contributions to charitable organizations in 2007.
Source:
Giving USA FoundationTM - Giving USA 2008
|
Whatever your
reasons
for giving, a careful review of the various types of charitable gifts
can
help make those gifts more meaningful, both to you and to the charities
you choose to support. Please call my office if we can be of
assistance.
|
| MESSAGES
from
the Masters... |
AMERICA,
A DEPOSITORY OF THE GIFTS OF THE WORLD by Jim Rohn
One
of the major challenges for all of us in the 21st century will be to
learn to live together on this one planet we all share. Hopefully we
will
all discover that by living and working together we will all benefit.
I believe
America is a great example of this. Guess what has made America
powerful?
The blending of many ethnic streams that have come to America over the
last 200 years. No country has been such a depository of the
gifts
of the world like America. For over 200 years, people have come from
all
over the world to America, bringing with them their recipes and their
food.
Their music and their dance and their artistic ability. The gift of law
and the gift of government. The gift of medicine and the gift of
healing. The gift of religion and the gift of the work ethic.
All
of this did not start here. All of it came here from all the countries
of the world. In fact it is an incredible list - how many people
outside
their native countries live in America. The most Japanese outside of
Japan
live in America, the most Italians outside of Italy live in America,
the
most Koreans outside of Korea live in America, the most Puerto Ricans
outside
of Puerto Rico live in America. You can go right down the list, country
after country. The list is so long it's unbelievable, but that is what
has made America so unbelievably powerful. The contribution of
all
the ethnic streams that have been coming here for 200 years is
incredible.
We
must all now recognize what an incredible opportunity we all have
before
us, as this giant planet seems to get smaller all around us. And
remember
that it is our diversity that when mixed together can create genius. It
is the combination of the soft sound of the flute and the crash of the
cymbals that make up the brilliant sounds of the symphony orchestra. In
our challenges to learn better how to live together, let us also find
new
opportunities to create future genius and miracles in our world and
with
each other.
To
Your Success,
Jim
Rohn
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is to provide information of general interest to our clients, potential
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|
