Is Toys for Tots a tax deduction?
Please remember that Marine Toys for Tots Foundation is exempt under Section 501 (c)(3) of the Internal Revenue Code, making your gift tax deductible.
What percentage of money goes to Toys for Tots?
97% of your donation goes to our mission of providing toys, books and other gifts to less fortunate children. The 3% spent on support principally covers fundraising expenses – not one donated dollar goes to pay for salaries or any other manpower costs.
What are the rules for Toys for Tots?
Toys for Tots Gift Guidelines
- new.
- un-wrapped.
- preferably around the $10 or above price range.
- books are also needed (children receive 2 toys each and 3 books count as ONE gift!)
- homemade toys are also accepted.
How do I deduct Toys for Tots?
Typically, you have to itemize to claim this deduction on your federal tax return, but even if you don’t itemize, you may still be able to earn a state deduction. If you donate toys, you can report the value of the toys as the contribution on your tax return.
Can you give money to Toys for Tots?
Transferring appreciated assets directly to Toys for Tots is a powerful, tax-savvy way to deliver hope all year round. You can donate your stocks online and save on your tax return in the upcoming year.
How many toys does Toys for Tots give per child?
two toys
Toys for Tots provides two toys per child.
Are donations to Marine Toys for Tots tax deductible?
Amounts contributed to the organization are deductible to the extent permitted by law. Marine Toys for Tots does not provide tax advice to donors, and donors should consult with their tax advisors to discuss charitable planned giving intentions, how to achieve such goals and determine the deductibility of their contributions.
Where is the warehouse located for the 2021 toys for Tots campaign?
Where is the warehouse located for the 2021 Toys for Tots Campaign? The Toys for Tots warehouse is located at 2633 Minnehaha Ave Minneapolis, MN 55406. Please note the agencies will not be listed to sign up with until November 22.
How do I donate stock to toys for Tots?
To initiate a stock donation, please contact the Vice President, Marketing and Development at (703) 640-9433 or [email protected]. You can also use this free stock transfer tool to make the process simple and cost-free. Click here to get started on your stock donation in 10 minutes or less.
Is Marine Toys for toys a 501c3?
Marine Toys for Toys has been recognized by the Internal Revenue Service as an organization exempt from federal income tax pursuant to Section 501 (c) (3) of the Internal Revenue Code of 1986, as amended. Amounts contributed to the organization are deductible to the extent permitted by law.