GOODSEARCH...A SEARCH ENGINE THAT BENEFITS THE UMDF!
| According to GoodSearch, last year search engines generated close to $6 billion in revenue from advertisers. GoodSearch, powered by Yahoo, developed a way to direct some of that money to the causes you care about most.
It's easy...every time you search the internet at GoodSearch.com, the UMDF earns money, and the more you search, the more dollars we make to find better treatments and cures. Add up the money generated from all your searches and those done by millions of other people who we hope will use GoodSearch, and we can make a real difference to the people and causes that need funds most.
How does it work??
Type http://www.goodsearch.com/?charityid=806412 into your browser. Search the internet just like you normally would, and a donation of one penny per search is contributed to the UMDF.
Individuals are encouraged to send emails to their friends and family through GoodSearch to encourage others to use the site as well. And it is powered through Yahoo, so there is credibility to the program. Ask your co-workers, friends, family and students you may know to use GoodSearch.com, for all of their internet searches.
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HELP SUPPORT THE UMDF...WHILE YOU SHOP!
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Did you know that the www.iGive.com feature on the UMDF website allows you to shop online and have part of your purchases donated to the UMDF? If you are a last minute shopper or like to make purchases online, register at iGive.com and support the UMDF at the same time. Encourage your family and friends to use www.iGive.com o help the UMDF. Don’t forget, you can use iGive.com for purchases year round. |
PLATES WITH PURPOSETM
Plates with PurposeTM is a special series of by the Riverside Design Group, a glassware manufacturer located in Pittsburgh, PA. There are seven non-profits featured in the series, including The United Mitochondrial Disease Foundation. Each non-profit involved has its own specific design that is related to its cause. The UMDF’s specific plate is a ladybug that was designed in memory of Morgan Reynolds who succumbed to a mitochondrial disease in 2006. Morgan’s parents are Bernard and Leslie Reynolds, UMDF members who reside in the Atlanta area.
The UMDF receives 15% of each ladybug plate sold. The plates can be purchased at www.plateswithpurpose.com and will be featured at the INDY 2008 symposium.
The plate was designed by Tristan Bramblett, who has autism. Tristan is known for his artwork, which can be viewed at www.blueelephantcreations.com.
STIMULATING THINKING! - PART ONE
Stimulus checks are in the mail, or soon will be, and they provide an exceptional opportunity to help the UMDF and the economy.
When you make your regular or normal contribution to the fight against mitochondrial disease, you usually do so with after-tax dollars. Then, when you file your taxes, you receive a tax deduction in effect allowing you to recoup these tax dollars, to break even on your donation.
But stimulus checks, unlike those “earned” dollars, are “found” dollars, are not subject to taxes in the first place ~ and are tax deductible!
The end result, as an example, is that were a husband and wife in the 25% tax bracket to donate $1,200 in stimulus checks ($600 each), they would deduct that $1,200 charitable gift and realize $300 in tax savings ~ “new” dollars, not recouped dollars!
The UMDF has $1,200 in much-needed support, and the donor gets $300, without otherwise having to take any cash out of pocket. You don’t just break even… you actually come out ahead of where you’d be sans stimulus. And, when those dollars are spend on mito support or research, they still go back into the economy ~ and we all win!
Of course, the strategy doesn’t work for everyone. In today’s economy some families, especially some with mito patients, may need every spare dollar they can get…but, if you’re one of our more fortunate donors and don’t need that stimulus check for expenses, this is a great way to support the UMDF mission in fighting mitochondrial disease without “costing you a penny” (You can even turn that $1,200 into $1,500 when you get your refund!).
STIMULATING THINKING! - PART TWO
Another thought for some of those fortunate donors…if you are contributing to an IRA, and/or have funds sitting in a 401(k) or qualified plan with an old employer ~ funds you don’t plan on using for retirement for then or more years, or don’t plan on accessing until the IRS says you have to, and you don’t have liquidity issues ~ there’s another way to support the UMDF and improve your bottom line without taking money out of pocket.
If you could roll that IRA or that old qualified plan balance to a new IRA ~ without up-front costs, without incurring a taxable event ~ and have 100% of that balance (or more) go to work for you from Day 1, with your portfolio choices from American Funds, Davis, Franklin-Templeton, Legg Mason, UBS, T Rowe Price, Marsico, Wellington, or Deutch Asset Management…or still other portfolio managers…and still give 4%, even 6% of that amount to the mito cause ~ would you consider it?
And, if you received a charitable deduction for that gift as well, would that make the gift even more attractive?
100% of your previous balance and current contribution working for you, invested with names you know and respect, with an additional amount donated to the UMDF, for which you receive a charitable deduction and corresponding tax credit or refund, to add to your investments, save, spend or donate. Again, we all win.
Your bottom line can be actually improved by the tax savings on the amount of your gift, and you still have 100% of your retirement plan dollars in your new IRA.
These are also additional options and features you may find beneficial, but there are also restrictions, and the strategy and investment products, as with any investment or gifting plan, are not suitable for every donor. Every circumstance is unique, and needs to be evaluated individually. Call the UMDF Development Office at 888-317-UMDF for details and to discuss whether this plan may suit your purposes.
But call today ~ as with the stimulus checks, there is a limited window of opportunity to examine these strategies, to act on them, and to maximize them. Call now!
Possible Example:
Married Couple, both age 50, in 25% tax bracket
Original Plan:
$100,000 Balance in existing IRA
$ 6,000 Planned contribution ($5,000 regular contribution, $1,000 make-up)
$106,000 Anticipated new balance (exclusive of growth or loss)
Alternative Plan:
$100,000 Prior balance rolled into a new IRA
$ 6,000 Bonus received on transfer (% dependent upon amount of rollover & date)
$106,000 New balance in new IRA
$6,000 Originally planned as IRA contribution donated to the UMDF
$1,500 potentially realized in tax savings/refund
Total:
$106,000 IRA Balance
$ 1,500 Refund
$107,500 to new bottom line
Additional Example:
Married Couple, both age 48, in 25% tax bracket
Original Plan:
$100,000 Balance in existing IRA
$ 5,000 Planned contribution (regular contribution)
$105,000 Anticipated new balance (exclusive of growth or loss)
Alternative Plan:
$100,000 Prior balance rolled into a new IRA
$ 4,000 Bonus received on transfer (% dependent upon amount of rollover & date)
$104,000 New balance in new IRA
$5,000 Originally planned as IRA contribution
$1,000 Contributed to IRA
$4,000 Donated to UMDF
$1,000 potentially realized in tax savings/refund
Total:
$104,000 IRA Balance with bonus received on transfer
$ 1,000 IRA Contribution
$ 1,500 Refund
$106,000 to new bottom line
Note: Only $1,000 of your allowable contribution was utilized, and donor would be permitted an additional $4,000, yielding a $110,000 total plus the tax savings on that IRA contribution ~ $105,000 in the donor’s IRA with existing plan, $110,000 with a charitable gift…and extra $5,000 to grow and compound tax free until withdrawn.
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