December Deadline for Charitable Giving and Tax Relief
The traditional season for giving is also the best time for those who have done well financially during the year to make charitable contributions which can reduce their taxes. This is because the year's financial picture is mostly in view, yet there is still time to contribute within the 1997 calendar year. Successful investors may find particular advantage in donating appreciated securities, since they can avoid capital gains tax while also increasing their charitable deduction.One charity we suggest is AIDS Treatment News Associates, 584-B Castro Street, San Francisco, CA 94114. A 501(c)(3) organization, ATNA reimburses free subscriptions for persons who cannot afford to pay for AIDS Treatment News. Contributions to ATNA relieve us of a serious financial burden, since AIDS Treatment News has never turned people away but sends free subscriptions at our expense when necessary. And to guard our independence we do not accept pharmaceutical-company contributions, even for charitable purposes.
The changing epidemic during the last several years has meant that more people who need and request this information cannot pay even the cost of printing and mailing their newsletter; we have become payers of last resort. We need assistance to avoid spending more and more time working around financial constraints, time we could better devote to our work.
For more information, contact me at AIDS Treatment News, or at 415-255-6259.
