Let's help the people in need, I'll start! | Page 2 | FerrariChat

Let's help the people in need, I'll start!

Discussion in 'Other Off Topic Forum' started by JSL, Aug 31, 2005.

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  1. theWind

    theWind Rookie

    Jul 22, 2005
    16
    Greensboro, NC
    Full Name:
    Steve Windmueller
    My wife is entering a donation of $500 as I type this.
     
  2. PatrickShim

    PatrickShim Formula 3

    Jun 14, 2004
    1,755
    Southern California
    Full Name:
    Patrick Shim
    Done. Made a contribution online.
     
  3. 2000YELLOW360

    2000YELLOW360 F1 World Champ

    Jun 5, 2001
    19,800
    Full Name:
    Art
    Scott:

    Great idea. However, the wife and I found out that with the Red Cross, the victims only get about 50% of the money. We gave $100.00 to the Salvation Army for the disaster, because from what we could tell, over 80% of the funds go to the victims.

    Here is the New York AG's report on the efficiency of the various charities:

    http://www.oag.state.ny.us/charities/pennies04/penintro.html

    Art
     
  4. JSL

    JSL Formula 3

    Jan 5, 2002
    2,212
    California
    Full Name:
    J.S. Leonard
    Art: I understand and I'm glad that we have options where to give. I just hope that all of us, who have the means, take this opportunity to lead the way by giving to the organization that we most believe in. For me, I just want to get these people some help, I only wish I could go there myself but I think I would get in the way. Thanks for the information on the Red Cross and if anyone else has a good organization who is responsible and accountable, please post it and I will make a contribution. These people need us now. Blessings to all, thanks for your giving spirit and hearts.
    Scott
     
  5. mchas

    mchas F1 Veteran
    Silver Subscribed

    Oct 5, 2004
    6,131
    Los Angeles
    Full Name:
    Mark
    Just FYI... the company I work for sends out over 125,000 e-newsletters per week to automotive industry professionals. We've added a link to the Red Cross donation site at the very top of every single one of them. Big thanks to everyone here (and anywhere else!) that's made a contribution!
     
  6. F1Ace

    F1Ace F1 Rookie

    Mar 15, 2004
    2,980
    Full Name:
    Wes
    $100.00? Is that a misprint? And you're how rich?
    At least you made sure they got $80.00 and not only $50.00 as might have happened were you not this careful.
     
  7. JSL

    JSL Formula 3

    Jan 5, 2002
    2,212
    California
    Full Name:
    J.S. Leonard
    Wes: Out of line. Every $ counts and I know that the people appreciate whatever is given. You and I have no idea what anyone has given or where. Let's keep this above any sniping please. God bless every giver! I'm overwhelmed by this tragedy and would be thrilled if every member of this community gave $5. My wife and I have and will give more but no one here will know about it. There isn't a liberal or conservative leaning now, just people wanting to help other people who need us.

     
  8. F1Ace

    F1Ace F1 Rookie

    Mar 15, 2004
    2,980
    Full Name:
    Wes
    #33 F1Ace, Sep 1, 2005
    Last edited by a moderator: Sep 7, 2017
  9. JSL

    JSL Formula 3

    Jan 5, 2002
    2,212
    California
    Full Name:
    J.S. Leonard
    Thank you Wes. I know that they appreciate your gift! I do, especially since you are from our neighbors to the North. All borders break down when there is such a dramatic need. Thank you.
     
  10. JSL

    JSL Formula 3

    Jan 5, 2002
    2,212
    California
    Full Name:
    J.S. Leonard
    We are up to $3568 not counting the matching gifts and the other undefined giving. Way to go, it humbles me to see your generosity! I know more are giving and not posting, that is perfectly good with me. We will make a difference and are praying for the folks in the south. Especially our friends in this community. I pray for each of them. Six months ago I was in N.O. and met one of the guys there with a 360 who owned an antique shop in the Quarter. I hope you guys are alright. We are with you in prayer.
     
  11. coolestkidever

    coolestkidever F1 Veteran

    Feb 28, 2004
    5,538
    NJ
    Full Name:
    Patrick
    Just got a call from school. They are telling me to be prepared to take in this kid, but its not definate yet.
     
  12. JSL

    JSL Formula 3

    Jan 5, 2002
    2,212
    California
    Full Name:
    J.S. Leonard
    Way to go! That is giving/love in action. I applaud you Patrick.

     
  13. HUTCH91TR

    HUTCH91TR F1 Rookie

    Nov 7, 2003
    2,894
    Charlotte, NC
    Full Name:
    Hutch
    Just donated $100 to Americares. :)
     
  14. MikeZ_NJ

    MikeZ_NJ Formula 3

    Dec 10, 2002
    1,533
    Southern NJ
    Full Name:
    Mike Z.
    $100 to the Red Cross.

    Someone down there can use it a lot more than I can.
     
  15. F1Ace

    F1Ace F1 Rookie

    Mar 15, 2004
    2,980
    Full Name:
    Wes
    So how does the tax system treat donations for you Americans?
    What's the net cost of a donation?

    Perhaps knowing this might 'encourage' others.;)
     
  16. JSL

    JSL Formula 3

    Jan 5, 2002
    2,212
    California
    Full Name:
    J.S. Leonard
    I'm not an accountant but, as I understand it, giving to recognized, legally organized, charitable organizations is a deductible expense. One's tax rate is dependent upon income as we have a progressive tax system. In the top tax bracket here in California one is looking at a federal rate of 35% and a state rate of 9% making the net of tax cost of a recognized donation 56% of the actual dollar given. This is a one way that we can direct our tax dollars into causes we individually see as important and we are incented by our government to do so. Americans are very generous as a whole. Just like many of our neighbors! Everyone should check with their own accountant for the effect of giving for them personally. However, in situations like this, tax consequences shouldn't be the motivation for giving, but like you say, it is a benefit that may help people feel comfortable giving more!
    Thanks,
    Scott

     
  17. Modenafan

    Modenafan F1 World Champ
    Lifetime Rossa Owner

    Dec 19, 2004
    12,069
    Moorpark
    Full Name:
    Jon
    Today, my daughter age 12 and many of her friends got together to raise money for the New Orleans victims. They stood on corners with hand made signs, gave away free drinks (in the hope of a donation) and with the help of a few parents raised $3,600.00. One of the parents that helped organize this works for American Airlines and he said AA would match the money raised today. My daughter and her friends will be back at it tomorrow. Nice way for a 12 year old to spend a holiday weekend.
     
  18. Vang

    Vang Formula Junior

    May 5, 2004
    713
    Philadelphia
    Full Name:
    Dan
    I believe this kind of donation would be a 100%-of-amount deduction. That is, you get to reduce your income by the value of the donation.
     
  19. JSL

    JSL Formula 3

    Jan 5, 2002
    2,212
    California
    Full Name:
    J.S. Leonard
    Very cool Jon!

     
  20. RacerX_GTO

    RacerX_GTO F1 World Champ
    Silver Subscribed

    Nov 2, 2003
    14,972
    Oregon
    Full Name:
    Gabe V.
    How about this very big thank you for saving us:

    Kuwait to Give $500M for Katrina Relief

    Source

    CAIRO, Egypt — Donations to Hurricane Katrina (search) relief poured in from around the world Sunday, with Kuwait offering $500 million and other Mideast countries offering aid and condolences despite widespread opposition to U.S. policies in the area........
     
  21. Modenafan

    Modenafan F1 World Champ
    Lifetime Rossa Owner

    Dec 19, 2004
    12,069
    Moorpark
    Full Name:
    Jon
    We can add another $1,100 to the $3,600 for a total of $4,700. With AA matching, that brings a total of $9,400 for the weekend. Every little bit helps, right?
     

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