PDG Scheller and Campaign 100

 

·    Lion Sheller cam to our Lions Club meeting to share with us his passion for Campaign 100.  One word describes PDG Sheller's presentation, passionate.  Lion Scheller believes what he spoke about and it starts with, "27.4 cents."  He gave us statistics regarding lack of water, electricity, shelter and the overall health of the world.  He told us that preventable diseases take over 25,000 lives every day.  This is about the size of Aberdeen, SD.  He then told us that the goal of Campaign 100 is to raise 22 million dollars by 2022.  He then told us that the dollars that have already been raised have made a difference.  South Dakota alone has received over 1/2 million dollars in grants.  They  have given approximately 5 million for COVID relief.  When you give to Campaign 100 you know where your dollars are going.  100% of your money goes to the cause you desire.  There are no paid CEO's to siphon your money.  So, 24.7cents a day equals $100 a year and that's what it will take to make the goal.  You can donate on the LCIF website or by mail: LCIF, Dept. 45471, Carol Stream, IL, 60122-4547.  Thank you PDG Scheller for your presentation. 

      Here is a link to some pictures taken at the presentation. 

       https://photos.app.goo.gl/jxkhKxXwZ9yxHfWu7

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NOW IS A GOOD TIME FOR CHARITABLE GIVING

 

Lion Cherie talks about Charitable Giving

Dear Fellow Lions,

Our presentation last night included a big push for Lions to donate individually and as a group.  I left my materials at home but I believe that the deduction qualifies for this tax credit.

 

This whole letter is less polished than I would like it to be but I am sending it out so this information does not get buried.  Our resident CPA, Renae Schaeffer, highlighted this deduction and the attached is from her  “Accounting Today” publication so it is from a reliable source.

 

I thought others might appreciate knowing.  Even if they don’t give to the Lions but another qualified organization, those donations would mean a lot this year!

 

I am including Lee to see if he can find a way to put it on the website and I will try to incorporate it with my post from last night’s meeting.

FOR INDIVIDUALS: 

1. Use above-the-line charitable deduction

Everyone is entitled to a charitable deduction this year. The Tax Cuts

and Jobs Act doubled the standard deduction while repealing or

limiting many itemized deductions, leaving millions fewer taxpayers

claiming actual itemized deductions. Typically, there is no tax benefit

for giving to charity unless you itemize deductions. 

However, the CARES Act created an above-the-line deduction of up to $300 for

cash contributions from taxpayers who don’t itemize. To take advantage of this provision,

taxpayers should make sure to donate before the end of the year.

 

Hope you all have a great weekend.

Lion Cherie