Who receives the tax deduction for a company giving program?

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Featured FAQ:
Tax deductions for a company giving program

With JustGive’s platform and products, your company can run a variety of different giving campaigns to engage employees and customers. All helping you make an impact and meet your corporate social responsibility (CSR) goals.11746126673_99c795bc97_m

As a nonprofit organization, we take care of compliance and offer ways for you to easily conduct a charitable donation or disaster campaign or year-round giving program (matching optional) to inspire giving. We also can partner with you to process donations for an existing campaign. And then there’s our customizable charity gift cards which you can use to reward and thank employees and customers.

Now, when it comes to tax deductions…

Question
Who receives the tax deduction when a company runs a giving program with JustGive for employees or customers?

Answer
5734698907_2021017b24_mIn most cases, your company is eligible for a tax deduction for all donations made through a giving program powered by JustGive. This can depend on the program, though, so contact us for more information.

If your company purchases charity gift cards or claim codes to give to employees or customers, you receive the tax deduction. That deduction cannot be passed along to the recipient.

So giving programs benefit your company in several valuable ways:

4141454994_e86daae7cc_qTo keep up on all the latest philanthropy news and insights, Subscribe to our blog, and follow us on LinkedIn.

– Candy Culver
Marketing Consultant

Your year-end checklist: Resolve to give back starting now

I’ve noticed in recent years that resolutions have become a thing of the past. People don’t want to create unrealistic goals and feel the let down of not living up to their own expectations. Or perhaps they just find it cliché and instead resolve not to resolve.

For me, December 31st is a simple marker in the year where I can stop and reflect on what I have accomplished . . . and what else I hope to do moving forward. This year, I’ve done more writing and photography than ever, moved to a new apartment in San Francisco, and paid off a lot of my dreaded student loans.

But one of the most important things I’d like to do more of next year—especially now that I’m moving out of a “student” lifestyle and into some financial stability—is to give back. So far, I’ve managed to find ways to give here and there: buying charity gift cards, volunteering, and giving a few individual donations. But I haven’t yet made it a part of a personal giving plan.

Ring in the New Year on a positive note…

Join me and create your own giving plan. We can start now, with three steps to finish 2011 right. And we can kick off 2012 with a resolution that feels good all year long:

1. Donate by December 31 – I’m getting in my last donations for 2011 and adding to my charitable deductions for the year. Do the same: Give to your favorite charity, donate in someone’s name, or buy a charity gift card as a New Year’s gift —they choose the cause and you get the deduction.

2. Get it on the Record – JustGive creates a Giving History online for every donor with convenient access to charitable information needed for taxes. I’m able to do all my giving in one place and can easily keep track of it. Whether I’m donating or buying a charity collection, sending a gift card, or making a charity or wedding registry gift, it’s all recorded and stored for me online.

3. Plan to Plan – I want to make a bigger difference with my giving in 2012. By ticking the recurring box on any donation, I can affordably budget my charitable gifts throughout the year. JustGive automatically sends my donation each month . . . and I check ‘charity’ off my resolution list instantly!

Questions?

Still not sure about how to make charity a part of your own budget in 2012? Visit our Giving Wisely page for more info and things to consider as you develop a plan that works for you and supports the causes you care about.

P.S. Let’s get the buzz going: How do you plan to make a difference with your giving? Which charities do you support and why? Tell your story on Facebook – and we’ll spread the word about the good work being done across the country. 


– Michelle Koffler, Marketing Coordinator