The textiles industry is one of the largest in the entire world, and is responsible for creating bedding, table linens, and of course, clothing of all sorts. Everyone around the world needs clothes wear, may they be everyday shirts and pants all the way to heavy coats, formal wear, and work and military uniforms and safety vests. The United States in particular is the world’s largest single producer and consumer alike for clothing, and today, Americans are buying twice as many clothes as they did just 20 years ago. The average American woman has one outfit for every day of the month, compared to just nine in 1930. Old clothes are recyclable, and Americans are urged to give them to military charities and veterans charities, among other needy individuals. Aside from time and gas money, it is free for any person to donate clothes, for helping families in need. Americans have a charitable spirit year round, but clothing is also known for often being thrown away instead. How can more clothe Continue reading When to Give Away Your Old Clothes
Helping families in need is the goal of making veterans donations. And while there are many charities that and causes that assist people across the world and others that help make sure that children are cared for, veterans are often in need of services that they do not get. Perhaps as this Memorial Weekend winds down we should remember to think about those veterans who are still with us, not just those who have gave their lives while they were serving our country.
Although many people are working on their own houses this weekend and getting a chance to complete some tasks around the world, this may also be the time to clean out the extra clothing and household items that are no longer used and see if they can be put to a greate Continue reading Memorial Weekend Is a Great Time to Make Sure That You Plan to Give to Others in Need
Most companies feel obliged to help charitable organizations and other well-wishing foundations. However, the number of donation requests to respond to can be overwhelming, and sometimes its difficult to choose which cause to support. Corporates get pressure from different stakeholders, including the staff, government, competitors, shareholders and suppliers. Everyone seems to have their preferred charity, something that hampers most companies to donate. Giving can mean an advantage to your business if it’s done in the right way. Here are few ideas on how to manage and leverage your charitable donations.
The two ways you can donate money to an eligible charity is either in cash or a check. If your donations are in exchange for goods or services, make sure you’ve deducted the cost of these commodities from your donation. The remaining amount is what you can write off.
When doing cash donations, it’s important to have every transaction on paper. Even the smallest of contributions have to be supported by a receipt, credit card statement, bank statement, payroll deduction record or any written documentation from the charity with the specific date and amount in question. Remember for donations exceeding $250; you’ll be required to have a receipt, charity statement or similar documentation showing the value of the item and how much has been written off.
Most foundations accept a range of charitable donations such as clothing donations, furniture, vehicles among other assets. You can deduct the amount of these items on your tax return. To do this, you need to include a Noncash Charitable Contributions form with your tax returns if the deducted value for all noncash gift exceeds $500.
For items that worth $500 or more, you need an appraiser to assess the donation. The appraiser must conform to the codes and requirements established by the Internal Revenue Service. Tax deductions, however, doesn’t apply to every single charitable donation, particularly if the item you want to donate is damaged. You may need to send a picture of your item to verify it’s in good condition.
Making item donations is a clever way for organizations to leverage their charitable contributions. For instance, if you decide to give away stock as donations, you won’t pay any tax on the stock’s appreciation, but you are allowed to subtract the donated items total value.
Other than giving away tangible donations, you can decide to volunteer your services to a charity. Like cash and items donations, which are tax-deductible, volunteer work is also deductible provided you’ve acquired expenses in the process. For instance, if you organize a fundraising event towards helping a charity, you can deduct the cost incurred in organizing the event.
Consolidate your donations
Another way to max out your charitable contributions is by bundling donations. This reduces the overall taxable income and helps you to meet your standard deduction limit. However, this may not be the best option to leverage contributions as it may force you to enter a higher tax bracket than you’d have been with individual donations. Therefore, you need to understand the standard deduction for each to see if it’ll be viable to bundle donations.
Implementing these strategies can help your business maximize its contribution effort in meeting community needs. When you want to get involved in charity donations, ensure you understand how leveraging works to get the best out of it.
People in the United States tend to be generous individuals. In fact, about 95.4% engage in some type of charitable giving. In addition to donating their time and expertise, many Americans will also make monetary, household, and clothing donations. Since there are organizations that pick up donations, this can make it even more convenient to donate clothes and other items throughout the year.
In 2007, for example, charity foundations within the United States received approximately $5.8 billions-worth of clothing-related donations. Just four years later in 2011, roughly two million tons of clothing and textiles were donated to charities or recycled. As a result, the recovery rate for used clothing and textiles during 2011 was approximately 15.3%.
Since research has revealed that 12 tons of clothing and textiles are literally thrown out every year, donating used clothing and textiles keeps these items out of the country’s landfills. Even though a considerable number of people in the United States do engage in these positive behaviors, textiles continue to be one of the least recycled materials that can be reused and repurposed. On an annual basis, the data also shows that just 15% of Americans’ used clothing is either donated or recycled. Furthermore, the average person in this country will will create 82 pounds of textile waste.
When people donate clothing, it’s been estimated that 80% of these items will either be given to the needy or used to fund programs run by charitable organizations. The Council for Textile Recycling reports that every year, the United States creates about 25 billion pounds of brand-new textiles. While 85% of these textiles tend to eventually find their way into the country’s landfills, various charitable organizations will receive the remaining 15%.
When you’re looking for organizations that pick up donations, remember that GreenDrop can do this on behalf of The Military Order of the Purple Heart. This organization was chartered by Congress in 1958 to honor service men and women that were wounded or killed while serving their country in the military. Today, this organization continues to provide health, education, and family support programs for all of the country’s veterans.
If you are like most people, you like to help others when you can, It has been estimated that about 95.4 people in the United States give back to their communities in one way or another. Not everyone is in a position to donate money and there are a lot of people who just do not have the time to volunteer. The good news is that there are ways to help others that just about everyone can manage. This is the reason that there are so many charities that pick up donations. Most people have clothing and other items that they are not using. There is a saying, “One man’s trash is another man’s treasure.” There is also a lot of good you can do by making charitable donations of clothing and items. Here are some of the ways you help when you do this:
- You help the charity keep its door open. Many charities that pick up donations will sell them in their consignment shops. This is a major source of funding for these organizations and is one of the things that allows them to keep providing the invaluable serviced they provide. This is one way your donations can be used for helping families in need. In fact, many charities would not be able to stay in business if it were not for these donations of used clothing and other items.
- You make it possible for many people to clothe their families. Although the economy is getting better, there are still far too many people who cannot afford to buy clothing for their families. Many of these people shop at the non-profits’ thrift and consignment shops where they can buy what they need for everyone in their families. The clothing that is sold in them is sold at very low prices. This is, for many, the only way they can afford these items.
- These donations help people after a disaster. When disaster strikes, as if often does, we have the most volatile weather on the planet, people are left with nothing. While some non-profits cannot take used clothing and item donations, many can. As great as a monetary donation is, when someone needs a coat or a blanket, giving that can be more helpful that the cash.
- You do a solid for the environment. It has been estimated that every year, people across the United States throw away about 12 tons of clothing and textiles. Experts say that at least 90% of that could be still used. First of all, when you throw something away, it goes to the landfill. Even organic materials such as cotton and wood need oxygen to decompose. They do not get that in landfills so they decompose anaerobically and release greenhouse gases, which lead to more global warming. In the second place, when an item goes back into circulation, such as when you work with charities that pick up donations, a new one does not have to be made. This saves precious resources. When you donate a shirt, a new shirt does not have to be made. That it a win-win.
- You get more closet space. In the past, Americans bought fewer clothing items. For instance, in 1930, the typical woman in the United States had nine different outfits. Now, women own at least 30. That means they can wear a different outfit every day for a month. Most of us have a lot of clothing items that we know we are just never going to wear again. If we have children who grow out of clothing and there is no one to hand them down to, those items take up space. By getting rid of these belongings, and making charity donations, we help others and get more organized living spaces. That is another win-win!
;Americans donate a lot of clothing and household items to various charities. Approximately $5.8 billion, in these kinds of donations, was given to charities around the country. That did a lot to help a great many people when they needed that assistance the most. When you work with charities that pick up donations, you do a lot more good than you may ever realize.