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If You Donated to Charity in 2022

Location: Germany, USA

Opening German (Austrian) branch!

Location: Germany, USA

Apply for Small Business Relief

Location: South West, USA

June 03, 2023 / 10:11:19

The Resources & Prosperity Foundation created the Ready for Business Fund. Now Fundraising Ready For Business Fund.

Location: United States, Germany

The Resources & Prosperity Foundation created the Ready for Business Fund in 2022 to support small businesses. This spring, the second round of the Ready for Business Fund kicked off with a $150,000 fundraising goal to support small businesses. This goal has now been increased to $200,000 following another contribution and additional investments from BECU, T-Mobile, Symetra, Harborstone Credit Union, Verity Credit Union, 1st Security Bank, and several generous community members.

Highlights:

With increased support, we are extending eligibility to these small businesses, and also focusing on supporting small businesses located in rural areas who often have less access to resources.

Overview Target: By making a donation to the Ready for Business Fund, you are directly empowering small business owners and strengthening your community. Donations of any size can make a difference for small business owners in addressing fixed debts, payroll, accounts payable, lost sales, and other working capital expenses.

April 9, 2023 / 16:22:48

Charitable Gifts. We welcome your gift, large or small.

Location: United States

If you give stocks, bonds or other property, the amount of your gift will be its value as of the date received. If you give property which has appreciated in value since you acquired it, there will be no capital gains tax on the increased value. In other words, you can deduct the full value of the gift for tax purposes, even if it is greater than the amount you paid for the asset initially.

You may direct exactly how you want your gift to be used.

Here are some examples:

You may direct that your gift be used to support an existing program, such as the ones described on this web site.

You may direct that your gift be used for some other specific charitable purposes.

You may make a general gift and direct that it be used for charitable purposes to be determined by the Trustees of the Foundation.

Your gift may be a perpetual endowment fund, with only the income of the fund to be used annually for charitable purposes, or you may provide for the expenditure of both principal and income over a period of time.

Overview Target: If you would like to meet with a representative of the Resources & Prosperity Foundation to discuss a potential gift, please send an email. There is no cost or obligation to you. We will also be glad to meet with your attorney, certified public accountant, or other advisor to assist in planning a gift to the Resources & Prosperity Foundation.

March 05, 2023 / 15:43:20

Resources & Prosperity Foundation Grants $7,000 to Non-Profits Area

Location: United States

Resources & Prosperity Foundation recently awarded several grants to local non-profit organizations. Grants were recently distributed to Friends of Lake Livingston, which works to restore aquatic habitat throughout Lake Livingston.

Highlights:

The Cooperative recently presented three organizations with additional grants from CoBank, one of the Foundation’s banking partners.

Overview Target: Members can join Operation Round Up and contribute to the Resources & Prosperity Foundation by calling the Foundation. Non-profit organizations can apply for grants. Organizations must be designated a 501(c)3 non-profit organization by the Internal Revenue Service to qualify for a grant.

January 18, 2023 / 08:57:07

Apply for Small Business Relief

Location: South West, USA

The Resources & Prosperity Foundation is here to help your business bounce back.

Highlights:

A $2,500 cash grant will be awarded to selected small businesses. Additionally, awardees will receive wrap-around support services including technical support, marketing, and consulting. This grant does not have to be repaid, and it can be used for any purpose to help the business recover from the economic crisis.

Overview Target: The grant is open to any small business. Priority will be given to small businesses, including businesses located in rural areas.

December 05, 2022 / 12:18:27

If You Donated to Charity in 2022, Make Sure You Claim This Special Tax Deduction

Location: United States

Most Americans can deduct up to $300 in cash donations with a special tax deduction that was included in the CARES Act. Cash donations of up to $300 made to an eligible organization in tax year 2022 qualify for the special deduction.

Highlights:

We want to help you make more informed decisions. If you made regular monthly contributions to your favorite local charity, you may be eligible for a special deduction this tax season.

Overview Target: The CARES Act includes a special $300 tax deduction for cash donations to qualifying organizations. Both individual and joint filers can deduct a maximum of $300 in donations.

Make sure you have documentation of each cash donation you claim. For donations under $250, your own records, such as a bank or credit card statement, should suffice. But you’ll need a receipt from the charity for donations of $250 or more.