WHAT IS THE AZ CHARITABLE TAX CREDIT?
In the state of Arizona, up to $400 per person and $800 per couple filing jointly, can be directly deducted, dollar-for-dollar, from the taxes you owe the state of Arizona.
Many people like the tax credit because it allows you to keep your tax dollars in your local community and maximize your impact. By designating your tax credit to TRAK, you are effectively ensuring that children, families, First Responders, Veterans, and Active-Duty Military members in Pima County are receiving the Therapeutic Services that they need.
To put it in perspective, if you belong to a group of 25 people, this could be a church, sports club, etc. and all of you commit to donating $400 to TRAK, you would raise $10,000 for the families we serve without actually spending a dime yourselves. It’s that easy.
It sounds too good to be true, but it’s real! You can read the law here.
IS $400 THE MOST I CAN DEDUCT?
No! There are several tax credits available in Arizona. If you are married filing jointly, you can donate $800 to receive your dollar-for-dollar Arizona Tax Credit. Therapeutic Ranch for Animals and Kids qualifies for the “Qualified Charitable Organization” (QCO) tax credit. You can designate TRAK for your QCO tax credit AND make gifts to the other types of tax credits. You can read about the different kinds of credits here.
IS ANY CONTRIBUTION I MAKE TO TRAK TAX DEDUCTIBLE?
Generally, contributions that do not involve the purchase of goods or services are deductible. For example, a donation made at TRAK’s Annual Fall Harvest Festival would be deductible, but the ticket to the event would not. Please speak with your financial adviser or tax professional to determine which contributions are and are not deductible.
The continued operation of TRAK is made possible by the organizations and individuals who want these important services available for the children and those in need throughout Tucson. TRAK could not accomplish this goal without the generous help of its many donors, volunteers and its volunteer Board of Directors.
There are many ways in which individual members of the community can invest in kids and our Tucson community through TRAK!
Online Giving- Click the donate button to make a one-time or monthly donation to TRAK!
Mail your donation to: TRAK, 3250 E. Allen Road, Tucson, AZ 85718
For other ways to get involved with TRAK, please reach out to firstname.lastname@example.org
Leaving a legacy through TRAK not only benefits those who we serve, but sustains TRAK for future generations. We are honored that you are considering Therapeutic Ranch for Animals and Kids to benefit from your generosity.
At TRAK, we are big believers in creating your own TRAK Magic. Contributing to the TRAK Legacy Fund through planned giving does just that. By designating a planned gift to TRAK, you can:
There are many ways that you can include TRAK in your planned giving process:
Gifts of Cash
A cash gift is a wonderful way to make a meaningful contribution to Therapeutic Ranch for Animals and Kids. You can make a cash donation today, or designate TRAK as a beneficiary of your bank account assets.
Gifts of Charitable Bequests
A bequest is a simple and easy way to make a gift to TRAK. As part of your estate plan, you can direct a gift to be made to Therapeutic Ranch for Animals and Kids by speaking with your attorney or advisor.
Gifts of Stocks and Bonds
Donating appreciated securities, including stocks and bonds, to Therapeutic Ranch for Animals and Kids is an easy and effective way to create a lasting legacy!
Gifts of Retirement Assets
Did you know that you can donate unused portions of your retirement assets, such as your 401(k), 403(b), IRA, or Pension? You can designate TRAK as a beneficiary or make a yearly annual contribution to TRAK of up to $100,000 without paying income taxes on the distribution.
This is an excellent way to create a lasting legacy through TRAK and continue our mission of strengthening kids and community for generations to come!
Gift of Insurance
Consider designating your permanent life insurance policy as a legacy gift to Therapeutic Ranch for Animals and Kids. Giving a gift of a permanent life insurance policy to TRAK that has outlasted it’s original purpose is an excellent way to impact the Tucson community.
Are you looking for a way to celebrate an extraordinary person in your life? Consider making a donation to TRAK in their memory! This can be a beautiful way to honor those who made an impact in our lives!
At TRAK, we have an on-going memorial fund for our beloved late Director of Development, Dr. Melinda Sharma. Every October, we hold a celebration of life ceremony for a woman who was truly larger than life. If you would like to learn more about Dr. Melinda Sharma’s impact on TRAK and the Autism community as a whole or would like to contribute to the Melinda Sharma fund, please click here.