Because we are a 501(c)(3) non-profit organization, memberships & donations
are indeed tax deductible. Our Federal Tax ID is 74-2213605 (South American
Explorers Club).
"Under IRC Section 170, individuals giving to 501(c)(3) organizations
that are either public charities, private operating foundations, and certain
private foundations may deduct contributions representing up to 50% of the donor's
adjusted gross income if the individual itemizes on his tax returns. Individuals
giving to 501(c)(3) organizations that are private foundations may generally
deduct contributions representing up to 30% of their adjusted gross income.
Corporations may deduct all contributions to 501(c)(3) organizations (regardless
of foundation status) up to an amount normally equal to 10% of their taxable
income. 501(c)(3) status for charities and the related section 170 deduction
for donors are important to many charitable groups. Some individuals and groups
(and virtually all foundations) will not give to a charity if it does not have
501(c)(3) status (as no tax deduction would be allowed). Therefore, loss of
this status can be harmful (if not fatal) to a charity's existence"
For those interested in Planned Giving with extended tax benefits, please refer
to the chart below:
| If
your goal is to: |
Then
you can: |
And
your benefits are: |
| Make
a quick & easy gift |
Simply
right a check now |
An
income tax deduction and immediate impact for SAE |
| Avoid
tax on capital gains |
Contribute
appreciated stock or bonds held over 1 year |
An
income tax deduction and avoidance of capital Tax |
| Make
a large gift with little cost |
Contribute
a life insurance policy you no longer need |
Current
and possible future income tax deductions |
| Avoid
capital gains tax on the sale of a home or other real estate |
Donate
the property to SAE |
An
income tax deduction, plus elimination of capital gains tax |
| Give
your personal residence or farm but retain life use |
Create
a charitable gift while continuing to enjoy your home |
A
charitable donation and removal from your estate |
| Secure
a fixed life income while avoiding market risks |
Establish
a charitable gift annuity |
Tax
benefits and often a boosted rate of return from assets |
| Reduce
gift & estate taxes on assets you pass to your childrem or grandchildren |
Create
a charitable lead trust that pays income to SAE for a specific term of years |
The
estate tax benefits of a gift, but your family keeps the assets |
| Defer
a gift until after your lifetime |
Put
a bequest in your will (Cash, specific property, or a share of the residue) |
Estate
tax deduction and keeps assets in your name during lifetime |
| Maximize
heir's inheritance while benefiting SAE |
Name
SAE as beneficiary of your retirement plan, leave other assets to family |
Reduced
estate and income tax |
We also have a member and financial planner who has volunteered his time to
answer your specific quesions. You can email the questions to: PlannedGiving@saexplorers.org
Already a member? Click any of the links on the left and start enjoying the
many benefits of your SAE membership.
