The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 signed in December by the President includes the extension of the IRA Charitable Rollover for 2010 and 2011. People aged 70 ½ or more may make tax free distributions up to $100,000 per year from traditional or Roth IRA directly to qualified tax exempt organizations like the Luis Oasis Senior Center.
This may be especially appealing to non-itemizes, who would not be able to get a tax deduction for charitable gifts. To take advantage of this tax deduction in 2010, donors must fill out a form for an IRA Charitable Distribution Request with the financial institution that holds your IRA by January 31, 2011. The financial institution makes the distribution directly to your charitable designee, the Luis Oasis Senior Center.
Charitable donations are still deductible on income tax filings. Also of note are donations of appreciated assets such as stock. Stocks that were purchased below the current market value may be donated directly to the Luis Oasis Senior Center and avoid capital gains liability by providing a tax deduction for full amount of your donation. For example, if you acquired a stock for $1,000 and it is now valued at $10,000 you may donate the stock directly to Luis Oasis Senior Center. This would eliminate your entire capital gain on the stock and help the capital campaign to Raise a New Oasis. Consult your personal tax advisor to discuss how a charitable gift to the Luis Oasis Senior Center can reduce your tax liability in 2010.
Submitted by Yvon Gresser, the Capital Campaign Consultant for Raising a New Oasis
Orcutt Area Seniors In Services, Inc. P.O. Box 2637., Santa Maria, California 93457
Telephone: 805-937-9750, Fax: 805-937-0440
E-Mail: information@oasisorcutt.org
DIRECTOR’S CORNER
I hope you all had a wonderful holiday season and enjoyed the Christmas spirit with family and friends. As we look ahead into the New Year, I would like to let you know some of the new programs and activities we have planned for 2012! A generous grant from The Fund For Santa Barbara will allow us to host “Celebrate Our World 2012” where every month, a culture or emerging senior issue will be featured. The goal of this project is to provide societal awareness and encourage positive change in the way people see others from a different culture, as well as address emergent issues affecting the senior community. January will focus on the Chinese New Year, February highlights Black History Month, and March will focus on the “Silver Tsunami – Baby Boomers turning 65”. Admission is free and is open to the public. Another project currently underway is for the Center to become ‘green certified’ through the Santa Barbara County Green Business Program.
I encourage everyone to please take our survey if you already have not done so. Your feedback is very important and will allow us to plan for a better and more enhanced Center as we transition to our new building. Thanks to those who already have taken the survey. Copies are available at the Center and also on the website by visiting www.oasisorcutt.org.
A friendly reminder that your Center membership is now due. You can visit our website at www.oasisorcutt.org and click on the Donate button where you can and pay your dues and donate to the Center. Don’t forget to click on the Photo Gallery where you can see pictures of our most recent activities!
Help us welcome Diana Dodos, our newly hired staff. Diana will be working closely with Doug and Yvon Gresser, our Capital Campaign Consultant. We are fortunate to have such talented staff here at OASIS! Thank you to all volunteers who continue to do wonders…the Center is a special place because of you!!!
Happy New Year!!
Rovi Butcher
PLANNED GIVING
Copyright 2008-2011
NOTES FROM JOE SHEAFF
First of all, a big “THANK YOU” to Community Bank of Santa Maria for the wonderful dinner they provided for our December Potluck. It was a very generous act on their part and we are grateful to have such friends. Community Bank of Santa Maria is a regular supporter of OASIS and I would encourage everyone to support and do business with those who support us. Take a look at the Advertisers in this issue of Tradewinds. All these businesses and individuals support us regularly and let’s reciprocate whenever possible. Let these people know how much we appreciate all they do for us.
The New Year promises to be an active one for OASIS. We continue to look at new programs that will benefit our Senior population, we are working hard raising money for the “New OASIS,” we are looking at ways to better serve the Homebound among us and we are always looking to increase our membership. Whenever you have the opportunity, introduce a friend or relative to OASIS and tell them all the wonderful things we do. And if you know someone who is homebound and would like an occasional visit, let us know. Over the Holidays we became aware of some people who were alone for Christmas. That’s hard to imagine and sometimes a short visit or phone call can make all the difference in the world. So please let us know if you are aware of someone who is in this position.
Again, thank you for all you do and on behalf of the Board of Directors, Staff and Volunteers, have a very Happy and Healthy New Year.
Thank you
for taking our survey!
The results of the survey will provide
the Board of Directors and Staff
valuable information to address
the growing needs
of our senior community
as we plan for expanded
future programs and activities.
