Dear Parents of ,
Did you know that you can possibly donate your money to through your company charity program ?
It’s easy to find out how!
There are two ways to donate :
Your comany (like most of companies) can allow employees give to any charity organization of their choice during the annual donation campaign.
As HongBang is one of the charity organization - 501c(3), you can select it for your annual donation.
With this program, your personal donation (i.e., HB tuition donation) can be matched . You must complete the Gift Matching form avail thru your company and our HB Treasurer will needs to complete the Recipient section and submitted to the indentified address to receive the matching.
From your tuition payment on Sept 13th, normally you have 120 days to submit the Gift Matching form. HongBang typically received matching this way .
Employee Giving Program and the Matching Gift Program are two separate programs. You can have your donation by either program or both.
As our school operates on donation money from individuals and companies, your action is a great help.
We truly appreciates it and we are all counting on you.
Thankyou,
BDH HongBang School
Here are some Frequent Asked Questions:
What type of organizations can I select besides ?
You may choose to contribute to any nonprofit organization that holds a valid 501(c)3 status with the Internal Revenue Services. These organizations have been recognized by the IRS as eligible to receive tax-deductible contributions.
How can I find out if an organization is eligible?
GuideStar, at www.guidestar.org, is an online service that provides information on nonprofits.
The amount of your gift is a personal decision. You may give a flat one-time amount, a per pay period fixed amount, or a per pay period amount that is a percentage of your salary.
Where can I get a receipt for tax purposes?
Keep a copy of the confirmation form from the web site or a copy of the completed paper pledge form and use it in conjunction with your earnings statement to substantiate to the IRS any donations made by payroll deduction. You may also request a receipt from the non-profit to which you contributed.
If you make a one-time contribution by check or stock, you can request a receipt from the non-profit.
If I contribute $250 or more, will I need a receipt for IRS tax verification or will my canceled check be sufficient?
If the gift is a one-time gift of $250 or more, according to IRS restrictions, a receipt from the non-profit must be used to substantiate the gift. If the gift is a payroll deduction and is $250 or more per pay period, a receipt must be used to substantiate the gift. It is not the annual amount of the gift but the amount of the individual payment that sets the threshold for the IRS rule.
If I pledge my Employee Giving contribution to a University or Cultural Organization that qualifies under the Company Matching Gift Program, will the company match my gift?
No, the Employee Giving Program and the Matching Gift Program are two separate programs.