Paying It Forward: H&R Block's 1,000 Win $1,000 Daily Sweepstakes Winners Continue Giving Cycle
"Understandably, many of our sweepstakes winners needed to use their extra
Making charitable donations tops some winners' to-do lists
More than 80 percent of Americans donate their time or money annually and Americans donated
Bob and Sheila Dias, in Fall River, Mass., are donating their winnings to Best Buddies Massachusetts, which is "dedicated to ending the social, physical and economic isolation of the 200 million people with intellectual and developmental disabilities (IDD)." The Dias' younger son was diagnosed with autism, making this charity very special to them as its services are geared toward, but not limited to, people with autism, Down syndrome, Fragile X, Williams syndrome, cerebral palsy, traumatic brain injury and other undiagnosed disabilities.
- A winner in
Arizona, who wishes to remain anonymous, is donating his winnings to MAZON: A Jewish Response to World Hunger. As a world traveler who worked in the airlines and travel industries, this winner felt a connection to MAZON when he learned about it through a project a relative was completing as part of preparations for her bat mitzvah. Another charity this winner frequently gives to is St. Jude Children's Research Hospital.
- Making sure people are fed is an everyday duty for
Michael Paske, who is a chef in Oklahoma City. He is giving half of his winnings to the Oklahoma Regional Food Bank. The food bank has a backpack program that sends kids in need home with a backpack full of food to share with their families over the weekend. The other half of his winnings will be in his daughter's savings account. Michael's daughter is only 8, but she is already learning about helping others by participating in charitable fundraising events with her dad, including helping make sure 300 turkeys got cooked for Thanksgivingdinner for those in need.
Benefits of donating winnings include opportunity to help others and tax savings
In addition to helping others, charitable contributions can lower the giver's tax liability. For example, a taxpayer with a marginal tax rate of 25 percent could save
For cash donations, taxpayers must have either a bank record, such as a cancelled check or credit card statement, or a receipt from the charity. For cash contributions of
For non-cash donations, taxpayers must have receipts, acknowledgments, appraisals and even pictures depending on the value of the donation. Taxpayers who make non-cash contributions and claim charitable deductions in excess of
A week remaining to enter sweepstakes
For more information, including official rules and other ways to enter, taxpayers can visit www.hrblock.com/grand, watch this video or join the conversation on social media and share how they would use an extra
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