Volunteers are quite often donors to organizations.
The new "Pension Protection Act" has changed some of the rules.
This is a brief summary of areas of interest to volunteers and their organizations.
Be advised it is not legal advice and individuals should consult tax advisers
or an attorney for greater detail. It helps however, if the person knows
what to ask about.
Contributions Made Directly from IRAs:
In 2006 and 2007, if you are age 70 1Ê2 or older and have an Individual
Retirement Account, you can donate up to $100,000 each year from your
IRA to charity. The distribution will not be taxed as income as long
as: the charity is eligible to receive tax-deductible contributions,
the charity is not a section 509(a)(3) supporting organization, and
the withdrawal goes directly to the charity. You do not need to itemize
your taxes to take advantage of this provision; if you do itemize, however,
you cannot also take the contribution as a deduction.
Used Clothing or Household Items:
Used clothing or household items donated after August 17, 2006, must
be in "good" condition or better to be deductible. An exception
is a gift worth more than $500, which can be of lesser quality but which
must be documented with a "qualified appraisal" included with
your tax return. For information on determining the fair market value
of your donations, see the Salvation Army's on-line guide (http://www.satruck.org/ValueGuide.aspx),
or visit your local Goodwill or other charity thrift store.
Gifts of Art, Collectibles, and Valuables:
There are new rules for deducting "fractional gifts," i.e.,
shares of an artwork, collectible, or other valuable, made after August
Start Collecting Those Receiptsfor Everything:
Beginning January 1, 2007, you must have a "bank record"
or receipt for all monetary contributions you deduct. No more deducting
that dollar you put in the kettle or collection plate.
Other provisions affect deductions for conservation
easements, conservation contributions and rehabilitation tax credits,
façade easements, contributions of vacant land in historical districts,
and contributions of exempt use property. Consult your tax adviser or
attorney for more information.
United Nations has a program called Online Volunteering. (http://www.onlinevolunteering.org/)
The Online Volunteering service connects development organizations and
volunteers over the Internet and supports their effective online collaboration.
It is a free service for development organizations and individuals worldwide.
All online volunteering assignments facilitated through the Online Volunteering
service contribute to sustainable human development and the achievement
of the Millennium Development Goals (MDGs).
The site is quite user friendly and could
be a model for setting up your own online volunteering opportunities.
There is information on "why" online volunteering, the types
of things volunteers do, and slick steps to registering volunteers.
If you have not contemplated online volunteering now is the time to
do so. And help is but a click away.
The following press release was provided to Volunteer
Today from the Association for Volunteer Resource Management.
The VRM Roundtable has opened the door to
the 21st century of volunteer resources management a little farther.
Can you see the light? The VRM Roundtable, the project to build
the new Association of Volunteer Resources Management (AVRM), has
created the organization's new website (http://www.avrm.org).
The new site is maintaining the news, blogs, survey results, registry,
and other content developed under the former VRM Roundtable website
and continue to grow and provide additional resources to volunteer
resources managers (VRMs). To maintain continuity, the old URL (http://www.vrm-roundtable.org)
will still work but be sure to change your bookmarked links to point
to the new site!
Please let us know what you think as we
continue to develop services to support VRMS throughout the United
States. You can provide feedback on the VRM Roundtable/AVRM listserv
or by sending an email to Leadership Team Leader, Celeste Sauls-Marks
The Taskforce remains committed to meeting your needs as a VRM regardless
of where you are located or which industry you serve in.
The Leadership Team and the Taskforce of
VRM Roundtable/AVRM continue to build dynamic new programming, partnerships
and conferences that will enlighten, educate and foster the growth
and sustainability of the profession as a whole. The Teams remain
firmly committed to the guiding principles: transparency, inclusion
and diversity of thought and participation. Your input is always