Tag Archives: charity

Lend $25 To Small Business Around The World For Free

If you aren’t familiar with Kiva.org, you will be in just a few minutes. Kiva is a “non-profit organization with a mission to connect people through lending to alleviate poverty.” Kiva allows individuals to lend money to people (who work with Field Partners, who administer the loans for Kiva) without access to traditional banking systems.

It’s pretty cool. You lend money to someone who uses it to buy supplies or use it for their small business, and they pay back the loan once it pays for itself. An example is someone who needs to buy pasta, rice, and vegetables to sell to at their business.

The best part is that right now, using the link below, they’re giving $25 for you to make a loan for free! Trust me, it feels really good. So you just sign up, and you get to loan $25 to people to help them become self-sufficient

Here’s how it works:

1. Go to Kiva.org

2. Search through the hundreds of loans until you find one that speaks to you. You can filter by country, gender, sector, or attribute.

3. Checkout

4. Get repaid and find a new loan to fund!

Through Kiva, I’ve made $150 worth of loans, all for free. And all loans have been paid back on time.

Most free money offer have a catch. But this is truly $25 that you can lend for free, and better yet, you feel good while using it. There are plenty of reasons to give money to charity, and this is a free way to truly make an impact on others!

What are you waiting for? Start lending with Kiva!

Shop Online and Make a Difference

As more and more people shop online and have items delivered to their homes, more and more sites have popped up that offer consumers coupon codes to save on their purchases. Some of these sites have varying success; they might offer a coupon code that works 50% of the time or less.

However, one new online coupon code savings site, Save1, is different. Not only do they test every code to make sure they are working (yeah, no more unsuccessful codes!), but they also donate a portion of the money they make when you use the coupon to feed the hungry.

If you don’t have a lot of money to donate but would still like to help others, Save1 offers the perfect win-win scenario. You get to save on your purchase by using a coupon code you know will work, and you get to help someone around the world get a meal and fend off starvation.

You can’t put a limit on how much you should give to charity, and when giving is this effortless, it’s a no-brainer.

Who Started Save1?

Save1 was started and is currently run by Joy and Todd Smith as well as two of their oldest children and their spouses. All of the families involved have a long history of working with the poor and starving. This family seeks to help others, and with Save1, it’s easy for consumers to donate while saving money when they shop online. Since consumers aren’t giving money out of their pocket, this is a perfect way to donate for people who want to help but don’t have much money to do so.

How Does Save1 Work?

To use Save1, simply type in the name of the store you’re looking to buy from or the product you would like to purchase. You’ll get results, if they’re available. Then, click on the small box on the right that says, “Use this offer.” You’ll receive the discount, and a portion of the commission Save1 receives from the company offering the promotion will go to Save1’s feeding partners to help feed those in need.

Who Are Save1’s Feeding Partners?

Save1 has several feeding partners that they work with including Action Against Hunger, Feeding America, Feed My Starving Children, and Project Peanut Butter. Thus far, Save1 has provided 93,263 meals to those in need thanks to consumers using the coupons from Save1’s site.

If you would like to receive a discount on your online purchases (who doesn’t?) AND help those in need, Save1 may be the perfect site for you to use, especially since all of the discount codes are tested and will work, unlike some codes found at other sites.

Planning To Donate To Charity? Do It Before The IRS Deadline

Time is running out if you’re planning to donate more to charity in 2012, with hopes of writing off your charitable contributions on your tax returns.

December 31, 2012

This year, New Year’s Eve falls on a Monday, which is a good thing if you still want to donate to charity. Last year, the last business day of the year – and the IRS deadline for charitable donations – was December 30th, which left a lot of would-be donors up a creek.

Of course, it’s best if you don’t want until the last minute to make your donation. Ever tried to drop off a pile of goods at your local Goodwill or Salvation Army depot the last week of December? It’s a nightmare, and a logistical headache. Instead, make your contribution well ahead of time. You can make a donation to a charity using your credit card, even if your billing cycle doesn’t end until sometime in 2013; as long as the payment is processed before midnight on the 31st, you’re in the clear. Just remember that not every charity is located in the same time zone, so if you’re a West Coast resident like me donating to an East Coast-based charity, don’t forget the three hour time difference, which could affect the day on which your payment is recorded.

What You Can Write Off

Not all contributions can be written off the same way. For example, say you attend a holiday auction for a charitable organization, where you place a $500 bid on two tickets to a sporting event. Now, let’s pretend you win that auction – hooray! Now you’ve got the tickets and the tax deduction, right?

Not so fast, my friend.

The IRS stipulates that you can only write off the overage compared to the fair market value. So if you “donated” $500 to get those tickets, which would normally sell for $80 each, you can only write off $340 of your donation instead of the full amount. This goes for every donation you make, so if you participated in a charity 5K with a $25 entry fee and got a t-shirt in exchange, you’d better find out the market value of that shirt (many sites suggest $3-$5) before filling out the Schedule A on your Form 1040.

Cash vs. Non-Cash Donations

Making a large non-cash donation to a qualified charity requires a little extra legwork. The IRS requires all non-cash contributions over $250 be accompanied by additional verification of the transaction, via bank records of a receipt from the organization itself. Donate more than $500 in non-cash goods over the course of the calendar year and you’ll have to not only provide the IRS with those records to receive your tax deduction, you’ll also have to fill out IRS Form 8283 to get credit for your contributions.

April 15, 2013

Unlike last year, when Tax Day fell on Tuesday the 17th of April (thanks to an obscure holiday celebrated only in Washington, DC, on the 16th), this year Tax Day will be on the usual April 15th. Why remind you of this date, when the IRS deadline for charitable contributions is three and a half months earlier? Because even though your donations are due before the end of the calendar year, you can still make contributions to your Traditional and Roth IRA accounts through midnight on Tax Day.

And one last bit of information, just so the Federal Government doesn’t make a liar out of me in a few months. After some extreme catastrophes, like the 2010 earthquake in Haiti, the U.S. Government and the IRS extends the deadline for charitable contributions in order to facilitate donations. If this happens – and we all hope it won’t – it won’t be a blanket extension of the deadline, but will only apply to donations made to specific charities that are aiding in specific disaster relief efforts.