Kids bring creativity, awareness to World Environment Day
Ganeshpuri, India— On June 5, the people of Ganeshpuri celebrated World Environment Day with activities organized by representatives from PRASAD Chikitsa, and from local schools and youth groups. At the Primary School of Ganeshpuri, enthusiastic children created drawings and Rangoli to express how trees benefit both people and the environment. Read more…
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Donor, Margareta Blix, is celebrating the life of her beloved late sister, Gudrun, with a grant of up to $20,000 that will provide a dollar-to-dollar match for new donations to PRASAD Children's Dental Health Program (PRASAD CDHP) received through October 31, 2010. Read more...
“Paddlers for Humanity” Open Ocean Paddle to benefit PRASAD Children’s Dental Health Program
Sunday, September 5th
(rain date September 6th)
Save the Date & Register!
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Gifts of Appreciated Assets
There are ways of making a contribution other than by a gift of cash. For example, your assets may include appreciated securities. If sold, a substantial portion of proceeds would have to be paid in taxes. But a gift of appreciated assets to PRASAD, owned by you for more than one year, would qualify for a charitable contribution deduction equal to the full fair market value of the assets. Your gift could then be sold by PRASAD, and since PRASAD is a not-for-profit organization, the appreciation would not be taxed. In this way, more of your gift can be used in the manner you had intended.
Example : Mrs. Smith purchased 100 shares of stock 12 months ago for $5,000. The stock is now worth $20,000. She would like to use this stock to make a gift to The PRASAD Project. If she first sells the stock, pays her tax liability, and then donates the proceeds to PRASAD, her gift and the resulting charitable deduction may only be $16,000 rather than $20,000. This is because if she sells first, a capital gains tax of $4,000 will have to be paid by her (on the gain of $15,000 at a 20 percent capital gain tax rate).
A better solution is to simply donate the stock to The PRASAD Project. Her deduction would be $20,000 and PRASAD could receive an additional $4,000 for its humanitarian purposes. (Your accountant, financial advisor or a planned giving advisor can supply information on how to make this type of gift.)
Consult with your financial planner, accountant and/or attorney to determine which categories best fit your individual and family situation.
For donation assistance please call 845.434.0376 or send an email message to development@prasad.org.