While I know the holiday gift-giving season is over, here is an interesting alternative to giving a store gift card. You can give a gift card for a donation to charity.
Tisbest.org sells charity gift cards that work just like other online gift cards, except that instead of buying stuff in a store, the recipient spends it to support a charity, or charities, of their choice.
You purchase a card in someone else’s name online at Tisbest.org for between $10 and $5,000. You can choose from 50 meaningful images for your Charity Gift Card, and each card can include a personal message from you. Tisbest.org will deliver the gift card via email to the “giftee”, who can choose to whom to donate the money from among 200 carefully chosen and responsible charities representing a wide range of causes, from animals to arts to environmental preservation to education and humanitarian efforts.
The 200 charities include the Red Cross, Amnesty International, St Jude Children’s Research Hospital, Habitat for Humanity, American Diabetes Association, ASPCA, and National Public Radio.
There is a flat $3.95 transaction fee regardless of the amount of the card and a 3% credit card processing fee. So if you chose to give a $100.00 Charity Gift Card, the charities will ultimately receive $93.05. The person who buys the card will receive a receipt for a $100.00 contribution, which may be tax deductible if the charity qualifies as a tax-exempt “501(c)(3)” organization.
As I have pointed out in THE WANDERING TAX PRO in the past, the person who pays for the donation is entitled to the tax deduction, and not the person in whose name the donation is made, or, or in this case, the recipient of the Charity Gift Card.
TTYL
Tisbest.org sells charity gift cards that work just like other online gift cards, except that instead of buying stuff in a store, the recipient spends it to support a charity, or charities, of their choice.
You purchase a card in someone else’s name online at Tisbest.org for between $10 and $5,000. You can choose from 50 meaningful images for your Charity Gift Card, and each card can include a personal message from you. Tisbest.org will deliver the gift card via email to the “giftee”, who can choose to whom to donate the money from among 200 carefully chosen and responsible charities representing a wide range of causes, from animals to arts to environmental preservation to education and humanitarian efforts.
The 200 charities include the Red Cross, Amnesty International, St Jude Children’s Research Hospital, Habitat for Humanity, American Diabetes Association, ASPCA, and National Public Radio.
There is a flat $3.95 transaction fee regardless of the amount of the card and a 3% credit card processing fee. So if you chose to give a $100.00 Charity Gift Card, the charities will ultimately receive $93.05. The person who buys the card will receive a receipt for a $100.00 contribution, which may be tax deductible if the charity qualifies as a tax-exempt “501(c)(3)” organization.
As I have pointed out in THE WANDERING TAX PRO in the past, the person who pays for the donation is entitled to the tax deduction, and not the person in whose name the donation is made, or, or in this case, the recipient of the Charity Gift Card.
TTYL
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