Stimulus Bill Worrying Charities
Submitted by Jerry Cohen on Sat, 02/28/2009 - 14:17
Unfortunately, many charitable organizations today are suffering. Not only have many of their contributors lost significant wealth from the fall in stock prices, the stimulus bill lowers tax deductions for charitable gifts. Here's
one article on this problem.
Because our investment vehicle requires only good credit and no cash outlay, we think it could solve many ailing charities' problems. If you know of a charity hit by the lowered deduction limits, please have the administrator of that charity contact us.
I believe we can design a giving program that will more than compensate. We pride ourselves on the socially responsible component of our investment but would like to do more in these difficult times.
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