|Vallarta Sailing Foundation Introduces More Ways to Help Fund the Youth Sailing Program|
Dan Green - Vallarta Yacht Club
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September 12, 2017
The Vallarta Sailing Foundation is now well into its third year of helping our youth sailors acquire sailing skills, gain a respect for the marine environment and compete in amateur regional, national and international sailing competitions.
If you wish to make a sizeable cash donation of any part (or all) of your annual mandatory IRA distribution, you can instruct that the amount you wish to contribute be sent directly to the Vallarta Sailing Foundation. Thus, you avoid owing any income tax applicable to that amount and, in fact, receive a 100% tax credit!
And, until now, tax deductible donations to the Foundation could only be made by check, cash or wire transfer. But, effective immediately, you may also make your donation of any amount by credit/debit card or your PayPal account. Use your credit card and earn points as well as the tax deduction.
To make a donation by either of these methods, enter the VYC website, select the Sailing Foundation from the menu on the right, and simply press the “DONATE” button at the bottom of this page. Complete the standard credit card form or make the donation from your existing PayPal account.
Another, even simpler way is to go direct to PayPal and after providing your card info, submit it directly.
If you have an IRA account, you can send and donate any amount at any time by either check or wire transfer directly from your IRA account. Thereby, receiving a 100% tax credit for the full amount of the donation. This is a very attractive option for those of you, like myself, that are of the age of annual mandatory IRA distributions. Simply instruct your IRA account manager to issue the wire or check to the Vallarta Sailing Foundation as follows:
By check, mail to:
Vallarta Sailing Foundation
9000 Crow Canyon Road, Suite S-384
Danville, CA 94506
Should you want to know other ways to lend assistance to the Vallarta Sailing Foundation or have any questions please send an email to firstname.lastname@example.org.
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