Tax Deductible Donations

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You can be confident your tax deductible donation to Ronald McDonald House Charities of Arkansas will aid families in need. From helping families stay close to their ill child to helping a kid see a dentist for the very first time, your money will have a positive impact on families and your community. We pride ourselves on meeting or exceeding Better Business Bureau Wise Giving standards. We want to spend your money wisely. So thank you for your donations and for trusting RMHCA to make a difference in the lives of others.

Taxes and Your Donation

Beyond an investment from your heart, a donation 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, RMHCA is classified by the Internal Revenue Service as exempt under IRC Section 501(c)(3) and as a public charity under IRC Section 509.
Keep records of your donations, including receipts or letters from RMHCA 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 nondeductible amount over into the next year.

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

Private Foundations

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

Donations of Securities

In addition to donating cash to RMHCA, 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).

Donors should seek the advice of a professional tax advisor.