| |
Missouri Tax Credits
Make a donation of $2,000 or before March 31, 2005, take advantage
of available Missouri tax credits and your gift will be matched
dollar for dollar by the Oberkotter Foundation. This results in
a realized gift 7-1/2 times the size of your actual after-tax donation
or $14,900. In another example, your initial gift of $50,000 - which
only costs you $13,500 - results in a gift to the children of $100,000!
The Missouri House Development Corporation under the Affordable
Housing Assistance Program (AHAP), will allocate to you, Missouri
Tax Credits of $0.55 for each dollar of contribution. Using this
credit reduces your net after-tax cost of the contribution to approximately
$0.27 per dollar. To ensure your complete understanding of these
tax advantages, please consult your financial advisor.
Your gift to St. Joseph Institute makes it possible for deaf children
to listen, read and speak. Please be generous! For more information,
please contact the controller at SJI.
Sample Gift and Tax Credits [1]
| Gift Realized by St. Joseph Institute after Oberkotter
|
$100,000 |
$80,000 |
$40,000 |
$20,000 |
$10,000 |
| Your Initial Gift to St. Joseph Institute |
$50,000 |
$40,000 |
$20,000 |
$10,000 |
$5,000 |
| Missouri State Tax Savings [3] |
($27,500) |
($22,000) |
($11,000) |
($5,500) |
($2,750) |
| Federal Tax Savings [4] |
($9,000) |
($7,100) |
($3,500) |
($1,800) |
($900) |
| Your Actual Net Cost of Gift |
$13,500 |
$10,900 |
$5,500 |
$2,700 |
$1,350 |
| 1 |
All figures have been rounded and are not exact. Consult your
tax adviser. |
| 2 |
The Oberkotter Foundation will match every gift dollar for
dollar between March 18, 2003 and March 31, 2005, up to $150,000. |
| 3 |
For every dollar of charitable contribution made to St. Joseph
Institute for the Deaf, those that qualify under AHAP guidelines
will receive a Missouri Tax Credit of $0.55 per dollar. |
| 4 |
Federal savings result from charitable contribution, a reduction
of the state and local income tax deduction by the state credit
netting to an increase in itemized deductions with a corresponding
savings at the top of Federal income tax rate of 39.6 percent.
|
|
