[sac-board] Re: FW: Donation
- From: Steve D. <fester00@xxxxxxxxxxx>
- To: <sac-board@xxxxxxxxxxxxx>
- Date: Tue, 25 Mar 2008 10:36:33 -0700
Yes, I was referring to you, but I conflated the two conversations. In the
board meeting, you said something about our lack of non profit status being
ineffectual for taxes for us, while Silvio said later at JB's about the "gift
tax exclusion". Since I didn't really understand what that meant, (duh), I
confused the two. Hopefully, it caused no harm, just confusion.
Steve Dodder
President, Saguaro Astronomy Club
Director, Stone Haven Observatory
fester00@xxxxxxxxxxx
http://www.stargazing.net/Astroman
> Date: Tue, 25 Mar 2008 00:31:18 -0400
> From: tpolakis@xxxxxxx
> To: sac-board@xxxxxxxxxxxxx
> Subject: [sac-board] Re: FW: Donation
>
> When Steve was talking to Jenn and me about the gift and its value, I pointed
> him toward Silvio Jaconelli, a finance whiz and former Treasurer and
> President for EVAC. I can recall two things clearly: the term that he used
> was "gift tax exclusion" and the amount was $11,000. He said that the IRS
> will not tax the recipient for receiving a gift if it's less than this amount.
>
> Looks like this is mentioned at various sites on the Web, such as:
>
> http://www.lawwalk.com/annual_gift_tax_exclusion.htm
>
>
> I don't think any of what Silvio mentioned had to do with tax advantages for
> the donor. But I'd better stop now, as that's the extent of what I heard.
>
> Tom
>
>
>
> ---- Peter Argenziano <pargenz@xxxxxxx> wrote:
> > Yes, I was surprised to read that as I am unaware of there even being a
> > threshold below which a donation doesn't bring a tax advantage to the donor.
> >
> > Peter
> >
> > ----- Original Message -----
> > From: "Charlie & Anne" <c2h2a2r2@xxxxxxxxx>
> > To: <sac-board@xxxxxxxxxxxxx>
> > Sent: Monday, March 24, 2008 8:09 PM
> > Subject: [sac-board] Re: FW: Donation
> >
> >
> > Steve,
> > Are you referring to me:
> > "I'm told by our treasurer the value of the donation is below the threshold
> > for tax advantage, so it makes no difference there."?
> > I don't remember saying anything like that.
> > Charlie
> >
> > ----- Original Message -----
> > From: "Steve D." <fester00@xxxxxxxxxxx>
> > To: <sac-board@xxxxxxxxxxxxx>
> > Sent: Sunday, March 23, 2008 5:07 PM
> > Subject: [sac-board] FW: Donation
> >
> >
> > >
> > > Board,
> > > Here is a copy of the note I sent to Robert Morris, (not Mason), today.
> > > I'll be waiting for his response before I forward our discussion to Sac
> > > Forum, if that's ok with you guys.
> > > Thanks for your input Friday.
> > >
> > > Steve Dodder
> > > President, Saguaro Astronomy Club
> > > Director, Stone Haven Observatory
> > >
> > > fester00@xxxxxxxxxxx
> > >
> > > http://www.stargazing.net/Astroman
> > >
> > > Date: Sun, 23 Mar 2008 16:51:23 -0700
> > > From: president@xxxxxxxxxxxxxxxx
> > > Subject: Donation
> > > To: r.r.morris@xxxxxxx
> > >
> > > Mr. Morris,
> > > I have discussed your generous donation with the Board of Saguaro
> > > Astronomy Club. Unfortunately, it is their feeling this donation is
> > > beyond the scope of our club. Fortunately, in your original note,
> > > attached below, you ask if there would be another organization I knew that
> > > would be interested.
> > > It so happens, there is. It is my own Stone Haven Observatory, which is
> > > where the donation to SAC would have ended up, too. The usage would be
> > > exactly the same, youth groups, scouts, public viewings and real science.
> > > It would just be a donation to Stone Haven Observatory instead of SAC.
> > > This was suggested by the SAC Board on Friday night.
> > > If you're agreeable to donating it to me instead, I'd very much like to
> > > receive a quick note from you stating that for the record. You could just
> > > say something like you donate this scope and accessories to Stone Haven
> > > Observatory for their use, and we'll take care of it. Keep a copy for
> > > yourself as a record. I'm told by our treasurer the value of the donation
> > > is below the threshold for tax advantage, so it makes no difference there.
> > > Thank you very much for this very generous gift! I'm sure we can do
> > > some good with it.
> > >
> > > Steve Dodder
> > > President, Saguaro Astronomy Club
> > > Director, Stone Haven Observatory
> > > Visit my website: http://www.stargazing.net/astroman
> > >
> > >
> > > -------- Original Message --------
> > >
> > > Subject: Telescope Donation
> > >
> > > From: Robert <r.r.morris@xxxxxxx>
> > >
> > > Date: Tue, March 11, 2008 9:05 am
> > >
> > > To: president@xxxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Greetings Mr. Dodder,
> > >
> > >
> > >
> > > I have an older model of a refractor and accessories that I
> > >
> > > wish to donate. If your organization or if you are aware of any other
> > >
> > > organization or school that would like to have my telescope please advise.
> > >
> > >
> > >
> > > Thank you for your time and consideration.
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > Best Wishes,
> > >
> > > Robert Morris
> > >
> > >
> > > _________________________________________________________________
> > > Test your Star IQ
> > > http://club.live.com/red_carpet_reveal.aspx?icid=redcarpet_HMTAGMAR
> > >
> > >
> >
> >
> >
>
>
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