One of the constants in our changing tax laws is the recognition of the vital role charitable organizations, like The Able Trust, play in the building of strong programs.
For this reason, our tax laws continue to leverage every dollar given to The Able Trust by providing a charitable income deduction. When an individual or family chooses to write a check to The Able Trust, without receiving a benefit, Uncle Sam actually picks up a portion of the amount given in the form of an income tax deduction.
For example, Mrs. Donor wants to make a $1,000 gift to The Able Trust in 2006. Therefore, she gives The Able Trust a check, and assuming she is in the 30 percent tax bracket, she may save $300 in taxes. In other words, Uncle Sam basically pays for $300 of the $1,000 gift.
If you would like more information about Charitable Planning, please feel free to contact Michael S. Campbell, Vice President of Endowment Development, at 850.224.4493, ext. 231 or visit, www.myabletrust.org.