When making your end-of-year donations, please remember The
  Vegetarian Resource Group

vrg@vrg.org [ https://www.vrg.org ] 

[ http://lists.vrg.org/mailman/listinfo/vrg-maryland_lists.vrg.org ] 

[ http://lists.vrg.org/mailman/listinfo/vrg-maryland_lists.vrg.org ] 

When making your end-of-year donations, please remember The Vegetarian Resource Group When making your end-of-year donations, please remember The Vegetarian Resource Group Visit: www.vrg.org/donate <https://www.vrg.org/donate> Here are some of the ways your donation will be used throughout the year to come: * $25 Sponsors sending materials to a Vegetarian/Vegan or Animal Rights Group located overseas in a poor country. * $50 Would go towards reprinting copies of our various vegan brochures/handouts. * $100 The cost to send a box of vegan literature to a student vegetarian/animal rights/ environmental organization for outreach on their campus. * $200 Allows VRG to send Vegetarian Journal for a year to 20 high school students applying to the Vegetarian Resource Group Scholarship. * $500 Will send materials to health professionals to use with clients on college campuses, in hospitals, at wellness events, and in work places. CHARITABLE IRA ROLLOVER & DONOR ADVISED FUNDS Because the standard deduction has been raised to over $12,000 for individuals and over $24,000 for married couples filing jointly, some people may lose the advantage of deducting charitable donations, since their itemized deductions won't exceed those amounts. So for donors who are over 70 1/2 years old (70 1/2 will be raised to 72 under a new law just signed), they may want to use the charitable IRA rollover. The charitable IRA rollover is a distribution from an individual retirement account directly to a charity, such as The Vegetarian Resource Group. The distribution from the plan administrator directly to the charity counts toward the donor’s required minimum distribution for the year, but the charitable donation is not included in the donor’s adjusted gross income. Others may use a donor-advised fund. Donor-advised funds (DAFs) are accounts where the donors can advise on where and when to distribute funds. Donors claim the charitable deduction in the year the money is transferred to the DAF even though the funds have not been given to the final specific charities. This allows donors to consolidate several years of charitable gifts into one year for their income tax returns. For example, married donors who usually give $3,000 per year to their favorite charitable organization can create a Donor-Advised fund, deposit $21,000 in it for a current year tax deduction, and then distribute $3,000 per year as annual gifts in future years. For example, here is information about a few Donor Advised Funds. https://www.fidelitycharitable.org/philanthropy/what-is-a-donor-advised-fund.shtml https://www.schwabcharitable.org/public/charitable/donor_advised_funds http://programforgiving.org/charitable/pages/home.jsp This is not legal or tax advice. You should speak to your legal or tax advisor. To donate directly to The Vegetarian Resource Group, go to www.vrg.org/donate <https://www.vrg.org/donate> Thank you so much and happy 2020! Maryland NEWS is the e-mail newsletter of The Vegetarian Resource Group. The VRG is an educational non-profit group providing information on vegetarianism/veganism. For more information, contact: vrg@vrg.org [ https://www.vrg.org ] The Vegetarian Resource Group / Vegetarian Journal P.O. Box 1463 Baltimore MD 21203 US (410) 366-8343 To subscribe to Maryland News, you just need to type in your email address at [ http://lists.vrg.org/mailman/listinfo/vrg-maryland_lists.vrg.org ] Then click subscribe. To unsubscribe, or otherwise manage your subscription to Maryland News, go to [ http://lists.vrg.org/mailman/listinfo/vrg-maryland_lists.vrg.org ] (Go the bottom of the page where it says unsubscribe or edit options. You do not need a password to unsubscribe.)