The Tax Benefits of Donating to Promise Hill Project – a Non-Profit

Giving to a non-profit not only creates a positive impact on underserved communities but also offers tangible tax benefits. As a registered 501(c)(3) non-profit public charity, your contributions to Promise Hill Project are tax-deductible to the extent determined under law.

With our $60,000 end-of-year fundraising goal, your generosity is needed now more than ever. Let’s explore how donating to a non-profit like ours can benefit you while helping others.

Tax Deductions for Financial Donations

When you donate money to Promise Hill Project, you may qualify for a tax deduction on your annual income tax return. This deduction reduces your taxable income, meaning you could pay less in taxes.

To claim this benefit:

1. Donate to a qualifying non-profit like Promise Hill Project.
2. Keep a record of your contribution, such as a receipt or confirmation email.
3. Itemize deductions on your tax return to include charitable donations.

Your financial contributions directly support our programs, which provide basic needs like food, shelter and empower education and personal care initiatives.

Tax Benefits of In-Kind Donations

Donating goods or services, also known as in-kind donations, can offer tax advantages. Items like food, hygiene products, and digital tools for education are invaluable to our mission.

The IRS allows deductions for in-kind donations based on the fair market value of the donated items.

Maximizing Your Contribution with Employer Matching Programs

Many employers offer donation matching programs to double the impact of their employees’ charitable giving. By leveraging these programs, you increase your contribution to a non-profit and further reduce your taxable income.

Check with your employer to see if they participate in a matching program. It’s an effortless way to amplify your support for causes that matter.

Why Donate to Promise Hill Project?

At Promise Hill Project, your donations directly support three transformative programs:

• Basic Needs Program: Providing essentials like food, water, period products, and temporary housing for those facing homelessness or instability.
• Personal Care Program: Ensuring access to hygiene products to maintain health and dignity.
• Tools of Technology Program: Bridging the digital divide by equipping students with tools of technology like laptops, sewing machines, and printers.

Your contributions offer more than a tax advantage—they change lives. With your help, we can achieve our $60,000 fundraising goal and continue making a meaningful impact.

Tips for Donating and Claiming Tax Benefits

1. Keep Records: Save all receipts or acknowledgment letters for your donations.
2. Understand Limits: Financial contributions are typically deductible up to 60% of your adjusted gross income.
3. Consult a Tax Professional: Ensure you’re maximizing your deductions while complying with IRS rules.

By taking these simple steps, you can turn your generosity into financial benefits while supporting a mission you care about.

Join the Trending Generosity Movement

Promise Hill Project believes in the transformative power of community support. This season, your tax-deductible donation can be part of a larger movement to inspire hope, restore dignity, and create opportunities for those in need.

Donate now to make a difference and take advantage of the tax benefits of charitable giving. Together, let’s achieve our $60,000 goal and bring light to lives this holiday season.