Learn How You Can
OHAS DESIGNATED TAX EXEMPT
In 1970 Oregon Housing & Associated Services, Inc. applied to the United States Internal Revenue Service (IRS) and received the designation of an IRS Tax Code 501(c)(3), nonprofit, tax-exempt, company.
This designation benefits OHAS by reducing our overhead (tax costs) which, in turn, allows us to pass the savings on to the people we serve.
But it can also benefit individuals, partnerships, corporations and trusts that choose to donate their assets to OHAS.
HERE'S
HOW
YOU CAN BENEFIT
Property that has appreciated in value, and would cause a considerable taxable consequence if sold, can be donated to OHAS, with material benefit to the donor.
For example:
|
IF
YOU SELL THE ASSET
|
IF
THE ASSET IS GIVEN TO OHAS
|
|||
| Value When Acquired |
$10,000.00
|
Value When Acquired |
$10,000.00
|
|
| Value When Sold |
$50,000.00
|
Value When Donated to OHAS |
$50,000.00
|
|
| Tax Paid (20%) |
$
8,000.00
|
Tax Paid (20%) |
$0.00
|
|
| Donors IRS Tax Credit |
$
0.00
|
Donors IRS Tax Credit |
$50,000.00
|
|
| Tax Saved (20%) |
$
0.00
|
Tax Saved (20%) |
$10,000.00
|
|
| Value to OHAS |
$
0.00
|
Value to OHAS |
$50,000.00
|
|
 |
|
|
|
|
Remember, "property" can be anything of value (land, buildings, mobile homes, stocks, bonds, autos, etc.) Upon receiving your property, OHAS will give you a receipt for it's "fair market value," and then sell it to generate working capital.
Your gift to OHAS assists individuals and families, living below the median income level. Without your help they are much less likely to achieve financial independence.
To learn more about the OHAS endowment programs, click here:
"O.K., I'm convinced, who do I contact."
You can reach us at 503-585-6193, e-mail us at Housing@OHAS-Oregon.org, or write to us at OHAS, 2755 19th Street SE., Salem, OR 97302. We hope to hear from you soon, your contribution is vitally important.
For further information about contributions to 501(c)(3) companies, talk to your lawyer or tax advisor.
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