Make a Difference for Generations to Come
Make a Difference for Generations to Come
Ways You Can Give to Make a Difference
Planned Giving
About Bequests
You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.
IRA Charitable Rollover
An IRA rollover allows people age 70 1/2 and older to reduce their taxable income by making a gift directly from their IRA.
Beneficiary Designations
A beneficiary designation gift is a simple and affordable way to make a gift to support our cause. You can designate our organization as a beneficiary of a retirement, investment or bank account or your life insurance policy.
Charitable Gift Annuities
A charitable gift annuity is a great way you can make a gift to our organization and benefit. You transfer your cash or property to our organization and we promise to make fixed payments to you for life at a rate based on your age.
Donor Stories
Learn how others have made an impact through their acts of giving to our organization and others. Explore the many benefits of charitable gift planning.
Gift Options
Find out What to Give and learn about the best assets to make a planned gift. Learn about gifts of cash, securities and property. Learn How to Give and discover gift options that provide tax and income benefits. Discover the best planned gift to meet your goals.
Wednesday April 17, 2024
Washington News
Increased Gas Prices Lead to Higher IRS Mileage Rate
With the dramatic increase in the price per gallon for gas, members of Congress have called on the IRS to increase the business travel rate. Senators Catherine Cortez Masto (D-NV) and Michael Bennet (D-CO) stated the increase will "offer some relief to Americans who use a personal vehicle for everyday needs like work, travel or medical transport."
IRS Commissioner Chuck Rettig stated, "The IRS is adjusting the standard mileage rates to better reflect the recent increase in fuel prices. We are aware a number of unusual factors have come into play involving fuel costs, and we are taking this special step to help taxpayers, businesses and others who use this rate."
The mileage rate increase reflects substantially higher prices on gasoline. The average USA rate in early June was $4.87 per gallon. Over 10 states now have gasoline with average prices over $5 per gallon. Approximately 1/5 of all gas stations are charging more than $5 per gallon.
An increased number of driving miles during the summer season may lead to even higher gas prices. While the OPEC nations have pledged to increase oil production, the United States is now pumping less oil than it was prior to the COVID-19 pandemic. The price for U.S. crude oil has recently reached $120 per barrel.
Mark Zandi, Chief Economist at Moody's Analytics, indicated that oil prices are expected to increase this summer. If the increase is moderate, it could still permit the economy to grow. However, Zandi stated, "If oil prices go to $150, we are going into recession."
The state with the highest gas price is California. According to an American Automobile Association (AAA) report, the average California price is $6.06 per gallon as of the time of going to press. Other states with high gas prices include Hawaii, Nevada, and Washington.
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