The end of the year is very quickly approaching. Have you considered a business donation toward a local community foundation? It is a great way for a business to get some tax deductible benefits, while helping out the community. Most of the community foundations in Phillips County have specific projects they are currently working on. A business or individual donation can be given directly to a specific project “designated” or given to the foundation in general. Both types of donations given by the business/individual is tax deductible, the only difference is how the community foundation can utilize your donation (specifically or generally). In any economy, the more dollars a business or individual can keep locally, the stronger the economy is. In the case of giving to a local cause through a community foundation, the benefit is expanded. The donation actually is used toward a project which improves the atmosphere (business or community environment), which in the long run helps bring more people and businesses to the area.
The community foundations in the area, which are currently working on projects are the Phillips County Community Foundation, the Logan Community Development Foundation, the Huck Boyd Community Center, HOPE Foundation, and the Kirwin Community Foundation. Make contact with these foundation’s board members and see if their projects may be something that you may be compelled to support. If they are not currently working on a project that you may have interest in, make that project suggestion to them and a donation to that specific cause. Projects take a while to complete or even start working on; especially since all these foundation’s enlist volunteer time to raise the funds and work on projects. Al-in-all though, they are very excited when businesses and/or individuals suggest ideas with donations of funds and volunteers to get the job done.
The overall point is: Giving to a local community foundation helps the community, its residents and YOU!