YOUR DONATIONS WORK TO MITIGATE DUES INCREASES
Dues increases are as inevitable as hot weather in the Old Pueblo. A $1 increase in lunch provider pricing translates into a more than $35 annual expense surge per club member. RI dues increase each year, as do District dues. The costs of maintaining a first-rate office and staff rise annually, impacted by factors as indirect, but understandable, as medical insurance premiums and property taxes.
Your club Board annually searches for ways to keep dues increases to a minimum, sometimes at zero for a time. One part of the magic to make this happen is the proper reassignment of charitable support away from our club and to our club foundation.
This past year, youth-related support by the club was, for the most part, moved to become a foundation responsibility. Not only did this work to forestall a dues increase, it moved those support dollars into the tax-deductible category for most club individuals. Payments to your club are not deductible on your individual tax returns; contributions to your club foundation are deductible in nearly all circumstances.
Clearly, the funds to support youth have to come from somewhere. And the thousands we provide annually amount to more than just a thin slice of our investment earnings within our foundation. The result? This movement of funding from club to foundation in order to keep dues hikes somewhat in check can only work when there is a corresponding rise in donations to the Rotary Club of Tucson Foundation. Exchange students, Interactors, Rotoractors, Scouts, RYLA participants – all depend upon our largesse.
It’s year-end tax-planning time once again. Consider a donation to our club foundation in support of youth programs. We produce a better society, we mitigate dues increases, and you can realize a reduction in your taxes. That’s a pretty sweet trifecta.
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This program will be a discussion as to why the Air Force insists on divesting the A-10 and what makes the A-10 such a formidable presence on the battle field.
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