|Monthly Update - January 2011|
Gifts of Clothing, Furniture or Household Goods to NAM Resale
If you are planning to donate items to NAM Resale before the end of the year and would like a tax receipt, please drop off your items at one of NAM’s three resale locations: 15555 Kuykendahl, 3645 F.M. 1960, or10505 Jones Rd. If you need a NAM truck to pick up your items, please call to schedule a pickup at 281-880-9482 begin_of_the_skype_highlighting 281-880-9482 end_of_the_skype_highlighting. Remember that NAM accepts gently used items in sellable condition, and that items must be in sellable condition to be eligible for a tax deduction.
Gifts of Cash
NAM accepts gifts by check through the mail at: Northwest Assistance Ministries, Attn: President & CEO, 15555 Kuykendahl, Houston, TX 77090. To receive a 2010 tax receipt, the envelope must be postmarked on or before December 31.
Gifts may be made over the phone by credit card by calling the Vice President of Fund Development at 281-885-4605 begin_of_the_skype_highlighting 281-885-4605 end_of_the_skype_highlighting. Gifts may also be made online at www.namonline.org, or brought to NAM’s office at 15555 Kuykendahl. When making a donation in person, ask for a member of NAM’s Development Department in the lobby.
Gifts of Stock
Donating stock to NAM may offer more tax benefits than donating cash. Gifts of a publicly traded stock which you have owned for more than one year may result in exemption from capital gains tax on any increase in value, and a federal income tax deduction based on the current market value of the stock. To make a gift of stock, call NAM’s Chief Financial Officer at 281-885-4572 begin_of_the_skype_highlighting 281-885-4572 end_of_the_skype_highlighting.
Gifts from IRAs
Included in the Tax Relief Act of 2010. there was an extension of the Charitable IRA Rollover Provision through the end of 2011. This offers a unique opportunity for donors who would like to make a one-time gift from their IRA and who either do not itemize or who are subject to the 2% rule that reduces itemized deductions. Donors interested in such a gift should be aware of the following:
For more information, please consult your financial advisor. To make a rollover gift from an IRA, call NAM’s Chief Financial Officer at 281-885-4572 begin_of_the_skype_highlighting 281-885-4572 end_of_the_skype_highlighting.
Thanks to the support of friends like you, NAM was able to feed over 1,000 families for the holidays and give toys to over 2,500 children!
NAM will be closed on Monday, January 3 in observance of New Year's.
Become a fan of NAM and of NAM Resale on Facebook!
Visit NAM Resale’s new ebay store!