$25,000 X 2!
2018 DONATION MATCH CHALLENGE
The four pickleball courts at Dick Samp Memorial Park are a great start to our ultimate goal of a 16-court complex. However, four courts are inadequate to handle the current number of players and that number is increasing rapidly.
The City picked up the tab for the first four courts but have no plans for additional funding. We need to step up to the plate and show the City we’re ready and willing to invest in the project. The first four courts cost $185K. The next four may cost more, given inflation, let’s say $200K. We’re hoping that if we fund half the cost, the City will fund the other half. So, let’s set our fundraising target at $100K.
DOUBLE UP! I will match all donations, dollar for dollar, for the first $25,000, by year-end 2018. If other donors rise to the occasion and meet or exceed the challenges, we’ll be well on our way.
US citizens have two tax-favored ways to donate:
- Tax-deductible donation. Make your checks out to Lake Havasu Courts and mail them to Courts, PO Box 192, Lake Havasu City, AZ 86405, or give them to any board member.
- Qualified Charitable Distribution (QCD). Taxpayers over 70.5 years of age are subject to Required Minimum Distributions (RMDs) on traditional IRAs. These distributions are 100% taxable and could increase tax liability substantially. But – there’s a way to avoid paying additional taxes. Donors can instruct IRA trustees to mail the distribution directly to Lake Havasu Courts, Inc at the above address. This method reduces taxable income dollar for dollar and may place donors in lower tax brackets. Another plus: it’s available to those who don’t itemize deductions.
Canadian citizens, although there are no tax benefits, you, too, can enjoy that warm fuzzy feeling you get from donating to a worthy cause. Your toonies and loonies are most welcome and much appreciated.
Donations from corporations and foundations are welcome also. Corporations need tax write-offs and benefit from good publicity. Foundations offer funding for projects that are in line with their mission. If you have contacts in these organizations, please approach them.
Thanks for your generosity!