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Social Responsibility
In accordance with our corporate values, we have set ourselves ethical standards and
believe it is part of our
professional duty to give back to society. One of our goals is to
develop a sound philanthropic foundation and we invite you to participate! Forex Introducing Brokers Online backs this initiative by donating a percentage of its profits to charitable groups annually.
How you as a trader can participate is you can use your cash rebate from Forex Introducing Brokers Online, and donate it to a charity. The cash donation can then be used as a tax deduction to help lower your tax liability or offset any capital gain taxes incurred from trading. Its a win-win situation! All the charities listed below have been verified to be 501(c)(3) tax-exempt status. Important Information Regarding Tax Deductions
You claim your tax deduction on Form 1040, Schedule A(PDF). This is found on Lines 16 through 19.
Rules for Claiming the Charitable Contribution Deduction
Your gift of cash or property must meet certain criteria in order to be tax-deductible.
- You must actually donate cash or property. A pledge or promise to donate is not deductible until you actually pay.
- You must contribute to a qualified tax-exempt organization.
Charities will let you know if they have received their 501(c)(3)
tax-exempt status. Some organizations are not required to obtain
501(c)(3) status from the IRS. These include churches and other
religious organizations.
- You must be able to itemize. Giving to charity is a great tax planning strategy, but it only works for people who are eligible to itemize their deductions.
- You must meet record keeping requirements. This includes saving canceled checks, acknowledgment letters from the charity, and appraisals for donated property.
Keeping Records of Your Charity
Taxpayers are required to keep excellent records of their charitable contributions. Under the Pension Protection Act of 2006,
you must keep written records of all cash donations. Donations of $250
or more will not be allowed as a tax deduction unless you have
supporting documentation. Your records must indicate the name of the
charitable organization, the date of your contribution, and the amount
your contribution. This new record keeping requirement took effect
beginning with the 2007 tax year.
Limits on the Charitable Contribution Deduction
Your charitable contribution tax deduction may be limited. There are
limits specific to charitable contributions, and there are general
limits on itemized deductions.
50%, 30%, and 20% Limits on Charitable Contributions
- Generally, you can deduct cash contributions in full up to 50% of your adjusted gross income.
- Generally, you can deduct property contributions in full up to 30% of your adjusted gross income.
- Generally, you can deduct contributions of appreciated capital gains assets in full up to 20% of your adjusted gross income.
Charitable
contributions in excess of these limits can be carried over to the
following tax year. The excess contributions can be carried over for a
maximum of five years.
Not Tax Deductible Contributions
Contributions are not tax deductible if given to any of the following:
- Political parties, political campaigns, or political action committees.
- Contributions given to individual people.
- Fees or dues paid to professional associations.
- Contributions to labor unions, chambers of commerce, or business associations.
- Contributions to for-profit schools and hospitals.
- Contributions to foreign governments.
- Fines or penalties paid to local or state governments.
- The value of your time for services rendered to a non-profit.
| Recommended Charities |
City of Hope
1500 East Duarte Road
Duarte, CA 91010
tel: (800) 720-6824 fax: (213) 241-7162
EIN: 95-3435919
Contributions Deductible
Mail donations to:
1055 Wilshire Blvd
12th Floor Los Angeles, CA 90017
Contact Email Visit Web Site
| Founded in 1913, City of Hope is a world-class biomedical research,
treatment and education institution. City of Hope is recognized
worldwide for its compassionate patient care, innovative science and
translational research, which rapidly turns laboratory breakthroughs
into promising new therapies. City of Hope's physicians and scientists
have been responsible for some of the most significant advances in
modern medicine. They have offered insights that have reshaped the
world's understanding of diseases. They have developed therapies that
have improved millions of lives. They achieved scientific
breakthroughs, set national standards, put their most creative thinking
to the test, and succeeded. |
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The Rotary Foundation of Rotary International
One Rotary Center
1560 Sherman Avenue Evanston, IL 60201
tel: (866) 976-8279 fax: (847) 328-8554
EIN: 36-3245072
50% Deductibility Limitation
Mail donations to:
14280 Collections Center Drive
Chicago, IL 60693
Contact Email Visit Web Site
| Founded in 1917, The Rotary Foundation strives to enable Rotarians to
advance world understanding, goodwill and peace through the improvement
of health, the support of education and the alleviation of poverty.
Rotary is a worldwide organization of more than 1.2 million business,
professional, and community leaders. Members of Rotary clubs, known as
Rotarians, provide humanitarian service, encourage high ethical
standards in all vocations, and help build goodwill and peace in the
world. Rotary's main objective is service - in the community, in the
workplace, and throughout the world. |
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Safari Club International Foundation
4800 West Gates Pass Road
Tucson, AZ 85745
tel: (800) 377-5399
EIN: 86-0292099
Contributions Deductible
Contact Email Visit Website
| The Safari Club International Foundation (SCIF) funds and manages
worldwide programs dedicated to wildlife conservation, outdoor
education and humanitarian services. It works closely with Safari Club
International chapters and members to advance hundreds of local,
regional and global wildlife conservation projects each year. SCIF
conducts and supports scientific and technical studies in the field of
wildlife conservation and demonstrates the constructive role that
hunting and hunters play in the conservation of wildlife; carries out
and supports educational programs on conservation, ecology, and natural
resource management; and supports programs to assist the disabled in
enjoying sport hunting and to utilize the resources of the hunting
community to aid those less fortunate.
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World Resources Institute
10 G Street, NE
Suite 800 Washington, DC 20002
tel: (202) 729-7600 fax: (202) 729-7610
EIN: 52-1257057
50% Deductibility Limitation
Contact Email Visit Web Site | Founded in 1982, the World Resources Institute (WRI) is an
environmental think tank that goes beyond research to find practical
ways to protect the earth and improve people's lives. WRI's mission is
to move human society to live in ways that protect Earth's environment
and its capacity to provide for the needs and aspirations of current
and future generations. WRI's work is focused around four key
programmatic goals, which include: reversing rapid degradation of
ecosystems and assure their capacity to provide humans with needed
goods and services; empowering people and supporting institutions to
foster environmentally sound and socially equitable decision-making;
protecting the global climate system from further harm; and harnessing
markets and enterprise to expand economic opportunity and protect the
environment.
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| Archaeological Conservancy
5301 Central Avenue, NE
Suite 902 Albuquerque, NM 87108
tel: (505) 266-1540
EIN: 95-3403273
50% Deductibility Limitation
Contact Email Visit Web Site
| The Archaeological Conservancy, established in 1980, is the only
national non-profit organization dedicated to acquiring and preserving
the best of our nation's remaining archaeological sites. Based in
Albuquerque, New Mexico, the Conservancy also operates regional offices
in Mississippi, Maryland, Ohio, and California. Every day, prehistoric
and historic archaeological sites in the United States are lost
forever--along with the precious information they contain. Modern-day
looters use backhoes and bulldozers to recover artifacts for the
international market. Urban development and agricultural methods such
as land leveling and topsoil mining destroy ancient sites. The
Conservancy protects these sites by acquiring the land on which they
rest, preserving them for posterity.
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Association of Performing Arts Presenters
1211 Connecticut Avenue, NW
Suite 200 Washington, DC 20036
tel: (888) 820-2787 fax: (202) 833-1543
EIN: 39-1131995
50% Deductibility Limitation
Contact Email Visit Web Site
| The Association of Performing Arts Presenters develops and supports a
robust performing arts presenting field and the professionals who work
within it. We foster an appreciation for the performing arts among our
members and their audiences; value the opportunity for members to share
with and learn from one another, drawing upon their more than 50 years
of collective wisdom; and believe the performing arts bridge
differences among individuals, communities and cultures. The
Association envisions a world where all people experience the
transformative power of live performance and the performing arts
presenting field is strong and vibrant - a world where performing
artists are integral to all communities, where ideas circulate
vigorously and freely, and where people from all cultures affirm and
understand themselves and each other through the arts. |
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| American Red Cross
2025 E Street, NW
Washington, DC 20006
tel: (800) 733-2767
TTY: (800) 220-4095
EIN: 53-0196605
50% Deductibility Limitation
Mail donations to:
P.O. Box 4002018
Des Moines, IA 50340
Contact Email Visit Web Site | Since its founding in 1881 by visionary leader Clara Barton, the
American Red Cross has been the nation's premier emergency response
organization. As part of a worldwide movement that offers neutral
humanitarian care to the victims of war, the American Red Cross
distinguishes itself by also aiding victims of devastating natural
disasters. Over the years, the organization has expanded its services,
always with the aim of preventing and relieving suffering. Today, in
addition to domestic disaster relief, the American Red Cross offers
compassionate services in five other areas: community services that
help the needy; support and comfort for military members and their
families; the collection, processing and distribution of lifesaving
blood and blood products; educational programs that promote health and
safety; and international relief and development programs. |
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