Wide Horizons For Children Payment Information
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WHFC Tax Information
Wide Horizons For Children
Tax ID: 04-2564960
Wide Horizons For Children, Inc.
391 Totten Pond Road, Suite 303
Waltham, MA 02451
Please contact us at email@example.com for instructions.
A Donor-Advised Fund (DAF) is a way of giving that provides an immediate tax benefit to you, and allows you to grant funds to charities of your choice. If you don’t have a Donor-Advised Fund, contact your financial advisor to set one up.
How to Recommend a Gift to Wide Horizons For Children
- Request a grant distribution through your DAF sponsor.
- Be sure to use Wide Horizons For Children’s EIN # 04-2564960.
- Indicate whether your gift is unrestricted or designated to a specific cause, program, or emergency.
If your financial institution is below, just one click will take you there.
- Fidelity Charitable
- Schwab Charitable
- Vanguard Charitable
- National Philanthropic Trust
- New York Community Trust
- Renaissance Charitable Foundation
- Goldman Sachs
- Global Impact
- Silicon Valley Community Foundation
Don’t see your financial institution listed? Reach out to your financial advisor or contact us at firstname.lastname@example.org.
If you’ve already made a Donor-Advised Fund Grant to Wide Horizons For Children, please let us know by email.
Donor-Advised Funds FAQs
Q: What is a Donor-Advised Fund?
A: A Donor-Advised Fund (DAF) is an investment account that is used for charitable giving. It is composed of donations made by individuals and administered by a third party. The third party is called the sponsoring organization. It offers an immediate tax relief and allows you to support your favorite charities immediately or over time.
Q: How does a Donor-Advised Fund work?
A: A donor makes an irrevocable gift to a Donor-Advised Fund and receives a tax deduction for the year the gift is made. Once the contribution is made, the sponsoring organization has legal control over the funds and the donor can make grant recommendations to the charity of their choice.
Q: Are there any rules to owning a Donor-Advised Fund?
A: The IRS has specific guidelines around the kinds of organizations that are eligible to receive grants as well as the purposes these grants can serve. For example, grants can only be made to qualified charities and cannot be made to a person, or the donor cannot receive more than an incidental benefit, so it cannot be used for the admission price for an event of the gala.
Q: What’s the difference between a Donor-Advised Fund and a direct donation?
A: The DAF donor receives tax documentation from the sponsoring organization of the DAF while a direct donor receives tax documentation from the charity.
Q: Can a Donor-Advised Fund be used to donate to a private foundation?
A: Donor-Advised Funds can be used alongside private foundations.
Q: What are the benefits of a Donor-Advised Fund?
A: The benefits are:
- Easy to set up
- Flexible funding options
- Easy to access
- Tax advantage for the donor
- Typically requires no minimum distribution
- Donors can grant anonymously
Q: Is there a tax deduction for Donor-Advised Funds?
A: Yes, the DAF donor receives tax documentation from the sponsoring organization of the DAF.
Q: What is the best way to contact Wide Horizons For Children about donations?
A: Please contact us at email@example.com.
Giving a gift of appreciated securities allows you to make a lasting impact on some of the world’s most vulnerable children by supporting Wide Horizons For Children’s programming. When donating stock to Wide Horizons For Children, you may take a tax deduction for the “full fair market” value, avoiding capital gains tax, without paying more out of pocket.
To learn more about Stock Transfers, please contact firstname.lastname@example.org.
When you turn 72 you must take a required minimum distribution (RMD) from your IRA. A charitable gift is a great way to meet this requirement and support Wide Horizons For Children’s life-changing work.
You can give up to $100,000 tax free from your IRA directly to a qualified charity like Wide Horizons For Children. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
When contributing via your IRA, your gift will be put to use immediately, allowing you to see the difference your donation is making for children.
To learn more about IRA Donations, please contact email@example.com.