Beyond an investment from your heart, your donation to Ronald McDonald House Scranton may also provide important tax benefits.

Below are general guidelines to help ensure you receive the maximum benefit from your generous contribution:

Tax-Exempt Status
Ronald McDonald House Scranton is a nonprofit corporation recognized by the Internal Revenue Service as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and as a public charity under Section 509(a). Contributions are generally tax-deductible to the extent allowed by law.

Keep Records of Your Donations
Be sure to retain documentation of all charitable contributions. This may include receipts, acknowledgement letters from Ronald McDonald House Scranton, or other written records confirming the date and amount of your gift.

Gifts of $250 or More
For any single contribution of $250 or more, the Internal Revenue Service requires a written acknowledgement from the charity in order to claim the deduction.

Annual Deduction Limits
In most cases, charitable deductions for cash gifts to public charities may be deducted up to a percentage of your adjusted gross income in the year of the gift. If your contributions exceed the allowable limit, the remaining amount may generally be carried forward to future tax years, subject to Internal Revenue Service rules.

Volunteer Expenses
While the value of volunteer services is not tax-deductible, certain unreimbursed out-of-pocket expenses related directly to your volunteer service may qualify as charitable deductions if they are:

• Not reimbursed by Ronald McDonald House Scranton or any other organization
• Directly connected with the services you provided
• Incurred solely because of your volunteer work
• Not personal, living, or family expenses

Because tax situations vary, we recommend consulting a qualified tax professional or financial advisor for guidance specific to your circumstances.

In addition to individual gifts, there are several other ways to support Ronald McDonald House Scranton that may also provide meaningful tax advantages.

 
 

 

Private Foundations

As a public charity, Ronald McDonald House Scranton is eligible to receive grants from private foundations. Grants from foundations can help meet annual charitable distribution requirements while supporting the mission of Ronald McDonald House Scranton: providing comfort, care, and essential services that keep families close to their children receiving medical treatment.

Foundation partnerships play an important role in sustaining programs that serve families throughout Northeastern Pennsylvania.

Gifts of Securities

In addition to cash contributions, Ronald McDonald House Scranton gratefully accepts gifts of publicly traded securities, including stocks and mutual funds. Donating appreciated securities may provide significant tax advantages. In many cases, donors may avoid paying capital gains tax on the appreciated value of the securities while receiving a charitable deduction for the fair market value of the gift, subject to Internal Revenue Service limitations.

Professional Guidance

Because every financial situation is unique, donors should consult with a qualified tax professional, financial advisor, or legal advisor when considering charitable gifts.

Ronald McDonald House Scranton is happy to work with donors and their advisors to help facilitate gifts and ensure the process is simple and meaningful for those who wish to support our mission.