OCA Westchester & Hudson Valley Chapter
Embracing the hopes and aspirations of Asian Pacific Americans
OCA-WHV would like to acknowledge the following sponsors for their generous support of OCA and the Asian American community.
|Sponsorship Level||Benefit Package||Sponsors|
|Platinum ($10,000)||Foremost Group|
|Gold ($7,000)||New York Life (Jenny, Helen, and Johnson Kho)|
To support OCA's mission of advancing the social, political, and economic well-being of Asian Americans, please mail your sponsorship check to OCA Westchester & Hudson Valley Chapter, P.O. Box 541, White Plains, NY 10602, or donate through PayPal.
To maximize the potential tax benefits of your charitable contributions, you can donate appreciated stocks, instead of cash. If you donate stock that has increased in value since you bought it more than a year ago, and if you itemize deductions, you can take a charitable deduction for the stock's fair market value on the day of donation. You'll also avoid capital-gain tax on the increase of stock value over time. Please note that you can deduct the fair market value only if you hold the stock for more than a year before donating it. If you've held it for less than a year, your deduction is limited to your cost basis, not the current value.
IRA owners, age 70½ or over, can directly transfer, tax-free, up to $100,000 per year to an eligible charity. Charitable donations from an IRA are counted toward meeting the required minimum distribution (RMD), and excluded from taxable income. If all or part of your IRA distribution is a qualified charitable distribution (QCD), enter the total distribution on Form 1040 line 15a, the taxable amount on line 15b, and write "QCD" next to line 15b.
OCA is a nonprofit tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. Your donation to OCA may qualify for an income tax deduction in accordance with Federal and State income tax laws, but you should consult a tax adviser for specific advice regarding the tax-deductibility of your charitable contributions.