Tax Deductible Donations – Donate to Warm Heart and lower your tax bill!

Tax deductible donations

The only things that are certain are death and taxes. You’re not dead yet – and why pay any more taxes than necessary?

You can do so much more good for so much less by donating to Warm Heart.

If you must pay taxes in the United States and file a Form 1040, then let me suggest how you can do well and do good at the same time.

Of course, it’s all about timing – you only have until December 31st, so don’t dawdle! Take my advice now.

First, you can just donate to Warm Heart. Warm Heart is a 501.c.3 IRS tax-exempt nonprofit, EIN 26-2059241. It’s simple: you can deduct any amount you donate to Warm Heart from your Federal taxes. (Warm Heart will send you an official tax receipt acknowledging your donation.) Your donation can be money, stuff (e.g., clothes) or services (e.g., printing). If you can provide proof of value, Warm Heart can provide you with credit for the tax deduction. (Any questions, email our Finance Director at info@warmheartonline.org) (Note: if you donate with a credit card, it’s the donation date, not the billing date the IRS looks at!)

Second – and more generous for you – you can donate appreciated stock. Say you bought stock in 2012 for $100; it’s now worth $1000. Sell the stock and you pay capital gains on your $900 profit. Donate that same stock to Warm Heart and you can claim the entire $1,000 as a charitable donation. If you’re in a nice, high tax bracket, your $100 investment just saved you $300!

Now you are not only not dead, but you gave taxes a shellacking.

Don’t take my word. Ask your broker to pick good stocks for you and explain why donating them will make you feel better – and richer – at the same time.

Thanks in advance and happy holidays!

Michael Shafer

Director, Warm Heart

Tax deductible donations

Evelind and Michael

Tax deductible donations


Warm Heart Worldwide, Inc. is registered as a 501(c)(3) nonprofit organization. Contributions to Warm Heart Worldwide are tax-deductible to the extent permitted by law. Warm Heart’s tax identification number is 26-2059241.