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Charitable giving is always first about making a difference. For example, when you give to National Right to Life, you're making a difference by saving lives.
But there are other benefits to charitable giving. Being part of a great movement, feeling positive about helping others livethese are wonderful benefits you get when you contribute.
But there's another benefitfinancial. That's right, the tax code has been shaped to encourage charitable giving. The value of some of the donations you give can be subtracted from your gross income at tax time, so you pay taxes on a lower net income.
In other words, a charitable gift can help decrease the taxes you pay.
The National Right to Life Educational Trust Fund has a special purpose. Its role is to educate citizens about the life issues. Because it only does educational work, donations to the National Right to Life Educational Trust Fund are fully deductible for federal income tax purposes.
While our need for financial support is usually greater in the non-deductible National Right to Life Committee fund (non-deductible because the Committee lobbies to change the law), we recognize that toward the end of the year, many of our members are interested in making a charitable contribution to the NRL Educational Trust Fund, so they can benefit from tax-deductibility.
Essentially, when you donate to the National Right to Life Educational Trust Fund, the amount of your gift is subtracted from your gross income at tax time. You pay income on the lower amount, which means you save money on your taxes.
Source: HighBeam Research, Giving the Gift of Life.(charitable donations)