If the $30,000 a year person did not contribute to his IRA, he’d end up with $850 more in his pocket than if he contributed. But, having contributed, he’s got $1,000 more in his IRA and $150, rather than $850, in his pocket. So he’s got $300 ($150+$1000 less $850) more to his name for having contributed.
You really do not want to donate to any organization that has administration costs of over 25%. Once you have decided that is your charity of choice, then you will want to ask if they will accept your junkyard austin. You also want to ask what percent of the sale of your donated vehicle will actually benefit them.
Fundraising ideas for charity are necessary to keep the charities going. They generally do not generate their own incomes. They rely on ordinary people to help find the money they need to keep doing the good work they do. People, animals, building, nature and so much more all depend on the work of charities, and the charities depend on people like you to help.
Manna rained from the sky – Manna raining from the sky is an act of charity by God Himself. While His people were hungry in the desert, God made the sky rain manna, or bread, in order to feed His people.
This would put this family’s budget into a $350 monthly deficit, or possibly a $350 larger deficit. Many families could not survive this for very long. Moreover, fewer people would be able to qualify for a mortgage using the newly constructed parameters ending the tax deduction would define.
I am not saying that they are not needed. They too are needed. But they are not volunteers in the true sense of the word. They are paid workers. Perhaps the institutions they represent are charitable. “Perhaps”, for even that is not always the case. Many such institutions have their own agenda of promoting their cause through the services they render.