Tax credits provide extra incentive to give back to the community before 31 March
The Acorn Foundation’s Give Back and Get Back campaign is underway for 2021, aiming to highlight the benefits that giving back to the community can provide, including the 33.3% tax credit you can receive this year for donations made before 31 March.
“Many people like to donate to the community at this time of year, as it means you get to support your favourite local causes and receive an immediate tax credit,” says Lori Luke, Acorn Foundation General Manager.
At Acorn, generous locals set up endowment funds to support causes in the community that are close to their hearts. The capital in the fund is invested in perpetuity, with a portion of the investment income distributed annually.
Donors choose to support the WBOP in all sorts of ways, from:
• funding scholarships and providing excellence awards;
• honouring family members who have died by supporting causes meaningful to them; or
• working with the Acorn Foundation to find just the right local organisation to support.
“It makes an incredible difference to us to know that we can plan and budget on those funds into the future, and it saves us valuable time seeking those funds, enabling us to do the incredible work that is needed in the community” says Davina Plummer, Tauranga Salvation Army who receive annual distributions from Acorn.
For more information on how you can make a donation before March 31 and take advantage of this year’s 33.3% tax credit, contact the staff at Acorn here.