Besides the practical, moral, and spiritual advantages of helping addicts free themselves from debilitating substance and behavioral bondages that they have not been able to escape from on their own, there are personal fiscal advantages that you can take advantage of by donating to the powerful and unique services that Above and Beyond offers to our invisible and endangered populations.
We are a 501(c)(3) benevolent organization which means that we cannot generate a profit. All funds that exceed our expenditures must be repurposed back into programs that directly benefit the unserved populations that we administer to. We have been given this designation by a section of the U.S. Internal Revenue Code that allows donors who give us operating capital to deduct the full value of their donations from their taxable income. No matter how much is donated, you are never liable for gift taxes and the reciprocal benefit of a donation as a tax “write off” can sometimes amount to as much as a 35% advantage.
This means that the actual cost of the donation is reduced by your tax savings. For example, if you are in the 33% tax bracket, the actual cost of a $100 donation is only $67 (your $100 donation less the $33 tax savings). As your income tax bracket increases, the real cost of your charitable gift decreases, making contributions more attractive for those in higher brackets. The actual cost to a person in the lowest bracket, 15%, for a $100 contribution is $85. For a person in the highest bracket, 35%, the actual cost is only $65. This means that not only can the wealthy afford to give more, but they will receive a larger reward for their giving.
So please consider this aspect when you give and consider that you are only actually spending two thirds, in many cases, of the amount that you are actually giving.
In any case, we appreciate anything and everything you can afford because your gifts go directly to our programs due to the fact that our operating costs are covered. Very close to 100% of donations directly benefit our clients.