Join Santa's Knights mission: Empowering Lives Through Martial Arts and Fitness!
Santa's Knights' mission is to bring free martial arts, fitness, events, and activities to everyone, equitably, transcending socioeconomic, racial, and location boundaries, positively changing children's and adults' lives through exposure and lifestyle enhancement.
Not only do we create and grow an environment and ecosystem of free martial arts and fitness, but also hundreds of children receive thoughtful gifts at large end-of-year events and throughout the year through our letters to Santa program!
WHY SUPPORT SANTA'S KNIGHTS ?
By contributing to our non-profit organization, you help us:
Create and grow an ecosystem of free martial arts and fitness:
Our programs help build confidence, discipline, and life skills in children and adults, making a lasting impact on their lives.
Provide thoughtful gifts to hundreds of children: Through our Letters to Santa program and large end-of-year events, we bring joy and hope to children who may otherwise have little to look forward to during the holiday season.
Promote equity and inclusivity: We strive to break down barriers and transcend socioeconomic, racial, and location boundaries to create a world where everyone can access the life-changing benefits of martial arts and fitness.
HOW YOU CAN HELP
There are many ways you can support Santa's Knights
Donate: Your financial contribution directly funds our programs and helps us reach more people in need. No amount is too small; every dollar makes a difference.
Sponsor: Corporate and individual sponsorships help us expand our reach and provide additional resources to our participants.
Volunteer: We're always looking for passionate and dedicated individuals to join our team and help us make a positive impact on our community.
Spread the Word: Share our story with your friends and family on social media, and encourage them to support our cause.
GOOD TO KNOW
Donations and Tax Benefits
When you make a monetary gift or donate goods to a registered non-profit organization, you are essentially reducing your taxable income, which can lead to substantial tax savings. To qualify, the charity must be a 501(c)(3) organization, a designation given by the Internal Revenue Service (IRS) to nonprofits that meet certain criteria.
Charitable donations are a powerful way to make a difference in the world and bring personal benefits in terms of tax deductions. When you donate money or goods to a registered non-profit organization, you can lower your taxable income and potentially save a significant amount of money on taxes. To qualify for these benefits, the charity must be a 501(c)(3) organization recognized by the IRS.
Here's how charitable donations work:
-
Reduction in Taxable Income: Your donations are subtracted from your gross income, effectively reducing the amount of money subject to taxation. This can potentially move you into a lower tax bracket and lead to substantial savings.
-
Itemized Deductions: To take advantage of tax deductions, you need to itemize your deductions instead of using the standard deduction on your tax return. It's important to keep accurate records, including receipts or written acknowledgment from the charity.
-
Donation Limits: The IRS sets limits on the amount you can deduct. For cash donations, you can deduct up to 60% of your adjusted gross income. For donations of property, the limit can range from 20% to 50% depending on the type of property and the organization you donate to.
-
Carryover of Excess Contributions: If your donations exceed the deduction limits, you can carry the excess over to the following tax year. This carryover can continue for up to five years until the full deduction is utilized.
Here are some important tips to consider:
-
Non-Cash Donations: When donating property or items, the tax deduction is generally based on the fair market value of the items. Special rules apply to vehicle donations.
-
Volunteer Work: Although you can't deduct the value of your time, you can deduct travel expenses and other costs associated with your volunteer work.
-
Qualified Charitable Distributions: If you're 70½ or older, you can transfer up to $100,000 annually from your IRA directly to a qualified charity. This transfer can count as your required minimum distribution and won't be included in your taxable income.
-
Estate and Inheritance Tax: Charitable donations can help reduce the size of your estate, potentially lowering the estate tax burden.
Remember, your act of kindness has a ripple effect. By donating to a charity, you not only support their mission but also create a positive impact in the world.
Together, let's build a brighter future through generosity and empathy.