SUPPORT AND DONATION

INFORMATION

The Benefits of Giving to Ministry

     By understanding the tax considerations that are involved in giving, you can enhance your gift's effectiveness and decrease your cost of giving, either during your lifetime or through your estate.

    Federal tax law lets you deduct the value of charitable contributions that you make during your lifetime if you itemize deductions.  The amount you deduct in any one year depends on the type of charity to which you donate, the type of property contributed and the way the charity uses the gift.

    TYPE OF CHARITY - The charity must be a "qualified organization" in order for your contributions to be deductible.  SOURCE OF LIFE MINISTRIES  is a qualified organization.

    TYPE OF PROPERTY GIVEN - Your annual deduction limitation for gifting cash is generally higher than for gifts of appreciated property (i.e., long term capital gain property).

    USE OF THE GIFT - If you donate tangible personal property, the gift's value (used to determine the amount you can deduct) may be reduced if the charity uses the gift in a way unrelated to it's charitable purpose.

    Gifting to SOURCE OF LIFE MINISTRIES  can be a win-win situation for everyone involved. Our Ministry, SOURCE OF LIFE MINISTRIES is an IRS designated publicly supported Tax-exempt Corporation under title 501 (c) 3. We are incorporated in accordance with the laws of the State of Maine as a 'not for profit' corporation. Accordingly, you can deduct from your gross income the amount of any contribution to SOURCE OF LIFE  as a legitimate tax deduction for the year in which you made the contribution. The Ministry will acknowledge the amount of your donation and we will send you documentation for IRS purposes to be filed with your tax return.  You must claim the deduction and verify it with a check copy yourself. The documentation we send you is to verify the amount that we have received.  For donations of tangible property, specific documentation is supplied so your gift can be validated. (see above 'use of gift')

Contributions can be sent electronically: Click 'BACK' below to return to our 'HOME PAGE',  click "BOOKSTORE" and follow directions to give to individual Healing Rooms -------------OR,

Contributions can be mailed to:

SOURCE OF LIFE MINISTRIES

201 CEDAR ST.

BANGOR, ME  04401

We wish to thank you in advance and we ask for God’s Blessings on you.

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