Tomorrow's Future Foundation

Beyond an investment for tomorrows children, a donation to Tomorrows Future Foundation can also be a financial benefit come tax time.

Here are some considerations to ensure you get the maximum benefit from your generous donation:

As a nonprofit corporation, Tomorrows Future Foundation is classified by the Internal Revenue Services as exempt under IRC Section 501(c)(3) and as a public charity under IRC Section 509.
Keep records of your donations, including importantly, receipts or letters from Tomorrow’s Future Foundation acknowledging receipt of your donation.
Donations of more than $250 must be supported by record of payment from your bank. (Cancelled check, bank statement, etc.)

If you volunteer, you cannot deduct the value of your services, but you may be able to deduct some expenses if they are:

Not reimbursed through your employer or anyone else
Directly connected with the services you performed
Expenses you had only as a result of your volunteer work
Not personal, living or family expenses
Generally, no more than 50 percent of your adjusted gross income can be deducted. If you donate more, carry that undeductable amount over into the next year.

In addition to donations from individuals, the following ways
of giving also qualify for maximum tax benefits.

As a public charity, Tomorrows Future Foundation is qualified to receive grants from private foundations. A grant to Tomorrows Future Foundation will help your foundation satisfy its annual distribution requirements while helping Tomorrows Future Foundation accomplish its mission of serving children.

In addition to donating cash to Tomorrows Future Foundation, individual donors may make gifts of publicly traded securities. The donor is not taxed on any gain in the property, and the donor may deduct the fair market value of the gifted securities against other income (subject to certain limitations).