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Donate
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Daily
Bread is funded entirely by private donations. There are many
ways you can help. Monetary contributions may be sent to 815
E. Fee Ave., Melbourne, FL 32901 or may be made over the internet
through the PayPal link below. Additionally, Daily Bread accepts
food donations at the kitchen and distribution center. Other
items needed are t-shirts, jeans, athletic shoes, socks, disposable
razors, toothbrushes, spray deodorant and other personal hygience
items. |
Please
contact us via email
or call us at 321-723-1060 or donate using Paypal below. |
Use
the link below to donate to the Daily Bread PayPal Account:
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Important
News for Seniors
Making Tax- Free Gifts from IRA Accounts
Leaving
money in your estate to a charity, such as Daily Bread, is
a noble and selfless act. But making a gift from estate assets
while you're still alive may be more satisfying.
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A provision
in the pension reform legislation President Bush signed in August,
2006, makes it easier for senior citizens to donate money in
their Individual Retirement Accounts (IRAs) to charity. The
provision --- which is effective only for 2006 and 2007 ---
allows individuals who are 70 1/2 or older to transfer tax-free
withdrawals from their IRAs to charitable organizations. (Please
note that this provision applies only to IRAs and does not apply
to pension funds, 401K’s or 403(b) plans.)
Ordinarily, when you withdraw money from your IRA, it becomes
part of your taxable income for the year. This new law allows
older taxpayers to donate from their IRAs up to $100,000 tax-free
each year to charitable causes. (Note: Since you receive the
considerable benefit of not being taxed on the withdrawal of
funds for the IRA charitable rollover, you are not permitted
to claim an income-tax deduction as well.) |
To
benefit, you must act on this soon since it is a temporary
measure only in effect until the end of 2007. Contact your
attorney if you need advice on making an IRA Charitable Rollover
gift.
Donate
from your IRA to Daily Bread |
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| Mission
Statement: |
| Daily
Bread Inc. is a non-profit corporation dedicated to improving
the dignity and quality of life of the hungry in our community
by providing a hot meal seven days a week, and hygienic services,
without charge, to anyone who comes in need without regard to
race, color, creed, sex or age. Daily Bread is located in Melbourne,
Florida. |
For
the latest events & information please click
here for our latest newsletter
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