As we get closer to the end of the year, charitable organizations and nonprofits start gearing up for year end fundraising, since many people wait until the end of the year to make their tax deductible donations. The holiday season tends to bring out more charitable attitudes of the general public. However, North Texas has a unique event each September that allows taxpayers to make their donations go further.
North Texas Giving Day
Thursday, September 17th marks the 7th annual North Texas Giving Day, when donations will be “amplified by more than $2 million dollars in bonus funds and prizes”. This is an easy way to support your favorite local organizations, with the ability for the non-profits to increase their reach in the community they serve.
Over 2,100 local nonprofits participate in the online giving event, with the ability to search for organizations by name or cause on the site at www.NorthTexasGivingDay.org
The site also allows for you to make all of your charitable donations at once to multiple organizations, receiving a detailed email receipt after your donation is processed.
Company Matching
Does your company match donations you make? This is another great way to support your favorite causes and give them an extra boost in funds. North Texas Giving Day donations are also eligible for company matches. When your company sends their matching gift to Communities Foundation of Texas, they will send a check to the nonprofits you supported.
Record-keeping
As is always the case, be sure to keep receipts and records of your donations to charities.
There are some pieces of information that may be included in receipts and giving statements:
- Name of the organization.
- Date of the donation.
- Amount of the donation.
- Statement that no goods or services were provided by the charity in return for your donation (if that was the case).
Come April when it’s time to do your taxes, simply give your printed email receipt to your Dallas CPA and we can add your donations to your deductions on your tax return. Gurian CPA Firm is a midsize Dallas CPA Firm that offers accounting, payroll, and tax services to individuals and businesses. Contact us today for a consultation.
For more information about North Texas Giving Day and how your donation can help go to www.NorthTexasGivingDay.org
