Charitable Giving in North Carolina

One way to reduce your taxes is to donate money or appreciated assets to charitable organizations. Many of our clients have received significant tax benefits by structuring their donations to maximize their tax deductions. If you would like for us to help you implement a plan, please email us at info@williamhbunchcpa.com.

The Triangle now has available a unique tool designed to help individuals connect with charitable organizations (in the area) quickly. The Triangle Community Foundation, a nonprofit organization dedicated to expanding philanthropy in the Triangle region (and managing donor funds) launched a website called Philanthropy Central. The site is designed to make donating money to local charities EASY. For more information, visit www.trianglecf.org

Another site, run by the Better Business Bureau, www.give.org, provides third-party information about nonprofit organizations.

For more information about charitable organizations in North Carolina and annual reports, click here: http://www.secretary.state.nc.us/csl

When making sizable charitable donations, it is wise to consult your tax advisor prior to moving forward to ensure that you are deriving the highest possible tax benefit from your gift.

If you'd like to receive our "Charitable Giving: Guiding Your Through the Maze of Charitable Giving" guidebook, please email info@WilliamHBunchCPA.com.

Q. I am thinking of donating property to a local charity, but am unsure of its value. Is there a resource available that can help me value my donated property?

Donating Property to Charity--Tax Guide

If you are thinking property to a local charity, it is prudent to obtain an accurate value for tax purposes when donating property (e.g., furniture, computers, appliances, clothing). Having the accurate value enables you to take the proper deduction on your tax return.

We suggest you go to the Valuation Guide for Charitable Contributions at http://www.smbiz.com to obtain a free guide for determining a value to assign to your donation. This resource can save you time and money if the items you are donating don't justify a costly, professional appraisal.

For more information, contact your CPA. This information is to be used for informational purposes only. We cannot guarantee the accuracy of this information. You must do your own research to ensure accuracy.

If you have questions about charitable giving and tax implications, contact our office.

Charitable Giving In Our Area

In Chapel Hill, NC, we are blessed with a variety of wonderful charities. Our clients have successfully donated their time and assets to many of the charities listed below. Be sure to confirm each charity's current non-profit status before you donate funds.

A Helping Hand
http://www.ahlpnghnd.org

Alliance of Aids Services of Carolina
http://www.aas-c.org

Blue Ribbon Mentor Advocate Program
http://rtpnet.org/vp/bluerib.html

The Chapel Hill-Carrboro Arts Center
http://artscenterlive.org/

Chapel Hill Training Outreach Project
http://www.chtop.com/

Charles House
http://www.charleshouse.org

Child Care Services Association
http://childcareservices.org

Communities in Schools of Orange County
http://citysearch.com/rdu/cisoc

Compassionate Passages
http://www.compassionatepassages.org

Cornucopia House Cancer Support Center
http://www.cornucopiahouse.org

Dispute Settlement Center
http://disputesettlement.org

DVC Legal Services, Inc.
DVC Legal Services, Inc., a non-profit organization, needs your help to raise funds to assist low-income domestic violence victims in severing their legal relationships with their abusers, so that they and their children and live free from violence. To learn more about the organization, contact: D. Melissa Averett, Attorney-at-Law, 919-929-5919, email: dvlawyer@earthlink.net.

Food Bank of North Carolina, Inc.
http://www.fighthungernc.com

Institute on Substance Abuse in NC
http://www.isanc.org

Inter-Faith Council for Social Service
http://www.ifcweb.org

Methodist Home for Children
http://www.mhfc.com

Moveable Feast
http://www.moveablefeast.org

OPC Area Program
http://www.opc-mhc.org

Orange Community Housing and Land Trust
http://www.ochlt.org

Orange County Chapter of the American Red Cross
http://www.informatics.org/redcross/

Orange County Habitat
http://members.aol.com/ochabitat/index.html

Orange County Literacy Council, Inc.
http://www.orangeliteracy.org

Orange County Partnership for Young Children
http://www.orangesmartstart.org/

Orange County Rape Crisis Center
http://www.witserv.com/org/ocrcc/