Charitable Deduction Clause Samples

Charitable Deduction. We are classified as a public charity under sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code (the “Code”). We are not a private foundation; therefore, all gifts to us may entitle donors to maximum tax deductibility. A contribution to us or to a specific fund in our foundation generally is subject to the following limitations, subject to changes in the Code: a. Individuals are eligible for an itemized deduction for cash contributions up to 60% of their adjusted gross income (AGI) in the tax year in which the contribution is made, subject to regulatory changes. b. Deductions for contributions of other assets, including the full market value of appreciated securities held for more than 1 year, are limited to 30% of AGI, subject to regulatory changes. c. Appreciated property can be deducted for the fair market value. d. Any excess amounts beyond this AGI limitation may be carried forward and deducted in the 5-year period after the year of the contribution. e. An individual’s ability to claim itemized deductions may be subject to certain other limitations, so we encourage our clients to consult with their accountant or tax adviser. f. Income that accrues to a charitable fund created at CCF-LA is not available to the donor as a charitable deduction.
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Charitable Deduction. This gift is irrevocable. It is intended by the Donor and by WGTS 91.9 that federal income, gift or estate tax charitable deductions, as applicable, shall be allowed to the Donor, and that WGTS 91.9 shall continue to qualify as an organization described in Code Sections 170(b)(1)(A), 170(c), 2055(a) and 2522(a).
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Charitable Deduction. It is understood that ▇▇▇▇▇ intends to claim the fair market value of the Property as a noncash charitable contribution for income tax purposes and ▇▇▇▇▇ agrees to sign the acknowledgment section of IRS Form 8283 that is to be completed and submitted to IRS by the Donor and ▇▇▇▇▇'s appraiser. Provided further, that in the event Donee sells or transfers the Property within three (3) years of the donation the Donee shall be responsible for completing and filing IRS Form 8282, providing a copy of said form to Donor.
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Charitable Deduction. The Advisor(s) receive a charitable deduction based on the contributions placed in the Fund at its inception or upon subsequent additions to the Fund. The Advisor(s) are not eligible for charitable deductions at the time distributions are made from the Fund.
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Related to Charitable Deduction

  • Employee Deductions A. Upon receipt of a written authorization voluntarily executed by an employee, the County will deduct monthly Association dues, if any, from the salary of an employee who so requests, and transmit said monies to the Association. The parties shall agree upon the form of the written authorization. B. The Association shall indemnify and hold the County harmless against any and all claims, demands, costs (including attorneys’ fees), suits, and all forms of liability and damages (including, but not limited to, compensatory, consequential and punitive damages) which arise or may arise out of or by reason of any action taken or not taken by the County pursuant to paragraph A above.

  • Union Dues Deduction The Employer agrees to deduct and forward to the Financial Secretary of the Local Union, upon receipt of a voluntary written authorization, the working dues from the pay of each IBEW member. The amount to be deducted shall be the amount specified in the approved Local Union Bylaws. The Local Union, upon request by the Employer, shall certify such amount to the Employer.

  • Union Dues Deductions It shall be a condition of employment for all Nurses in the Bargaining Unit, that dues be deducted from their bi-weekly salary in the amount determined by the Union. The deductions for newly employed Nurses shall be in the first pay period of employment. The dues shall be submitted monthly to the Union together with a list of the Nurses from whom the deductions were made.

  • Dues Deduction 1. The DTU will indemnify, defend, and hold the employer harmless against any claim made and against any suit instituted against the Employer on account of any check-off of union dues. 2. Upon receipt of a written authorization from an employee covered by this agreement, the Employer will deduct from the employee's pay the amount owed to the DTU by such employee for dues and its assessments. 3. It is understood that this provision will provide for 22 or 26 deductions per year for all covered employees as outlined in Appendix D. The Employer will remit to the DTU such sums as deductions are made to be implemented when the ACH system is functioning. There will be a one month trial transfer period. An electronic copy of the deduction will be provided to the DTU within five working days. Changes in the DTU membership dues rate will be certified to the Employer in writing over the signature of the authorized officer or officers of the DTU and shall be done at least 30 days in advance of the effective date of such change. The Employer's remittance will be deemed correct if the DTU does not give written notice to the Employer within thirty (30) calendar days after a remittance is received of its belief, with reason(s) stated therefore, that the remittance is incorrect. 4. No deduction of dues shall be made from the pay of any employee for any payroll period in which the employee's net earnings for that payroll period, after deductions, are less than the amount of dues to be checked off. 5. An employee may at any time revoke, in writing her/his authorization for dues deductions. Written requests received by the 20th day of the month will be effective no earlier than the first payday and no later than the second payday of the following month. 6. Any employee who has payroll deductions to DTU for membership dues at the time of any unpaid leave shall have such dues deductions reinstated when she/he returns from leave, unless canceled by the employee in writing.

  • Pro Rata Distributions During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, that, to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).