Help Our Cause
Your support and tax deductible contributions will enable us to meet our goals and improve conditions. Your generous donation will fund our mission.
Zelle
Send money with Zelle , a new service provided by many banks. You can send funds to us by signing up with the cell phone number associated with your bank account or your email address. This is a free service. For more information go to Zelle
Direct Bank Deposits
Make checks payable to:
Hope Fellowship Outreach, Inc.
And go to any Bank of America and make deposit or send to:
Bank of America, Westgate Branch, 2101 N. Pearl Street, Tacoma WA 98406.
National and International wires transfers Contact us at:
info@hopefellowshipoutreach.org
or by calling (661) 664-7130 US or +506-7292-5763 CR
Mail a Check to US
United States: (661) 664-7130 | Costa Rica: +506 7292 5763
Attention Givers
There IS good news!! The two-trillion-dollar CARES Act stimulus bill recently passed… and stimulus checks will soon make their way to many American’s bank accounts! This is great financial news for so many in our country, and additionally for those with a heart of generosity. 2 THINGS EVERY GENEROUS GIVER SHOULD KNOW FROM THE CARES ACT:
1. $300 Charitable Giving Deduction:
If you currently take the standard deduction, you will be able to take an additional $300 charitable giving deduction in addition to that. Presently, only those who itemize their income tax deductions are able to use a charitable deduction. For the rest of 2020, an individual will be able to deduct up to $300, irrespective of whether or not they itemize their deductions.
2. Up to 100% AGI Deduction:
People who make larger gifts will be able to deduct a much higher amount. Under current law, an individual may deduct up to 60% of their adjusted gross income (AGI) for charitable deductions of cash. The stimulus package lifts that restriction so that an individual can make a gift only of cash and deduct it up to 100% of their AGI for the year 2020. This is an election, so the donor who wants to use this provision must tell the IRS.
Corporations have much greater incentives to make charitable gifts. There’s also a substantial benefit for corporate charitable gifts. Usually, this is limited to 10% of taxable income for the corporation. That limit has been increased to 25% of the taxable income, making charitable gifts much more attractive to many companies.
3. Tax Filing:
As always, for any charitable gift that may impact your tax filing, we encourage you to speak with your tax professional.