GIve with confidence We treasure your commitment to our mission to equip America’s returning veterans with the tools they need for self-employment after military service. 100% OF YOUR DONATION IS DEDICATED TO SUPPORT OUR VETERANS. WE HAVE OTHER RESOURCES WHICH SUPPORT ADMINISTRATIVE EXPENSES.
You can make a difference For injured veterans
Join Work Vessels for Vets and help these heroes restart their lives after combat injury.
Work Vessels for Vets matches a veteran's needs with corporate and individual donors. As a 501 (c)(3) public charitable organization, WVFV maximizes gifts to qualified returning veterans by providing start-up funding, farm land, and agricultural opportunities, tools, equipment, vehicles, electronics, and products. Veteran recipients agree to "Pay it Forward" by hiring fellow vets in their growing businesses, and assisting their neighborhoods and communities.
Work Vessels for Vets partners with other national veteran organizations and assists veteran rehabilitation networks by sending boats, cars, vans, and sports equipment as they fulfill their missions for our injured returning combat veterans.
Your Financial Donations Help
WVFV is an ALL Volunteer Organization. 96% of ALL donated funds go directly to veterans. A nominal 4% pays for overhead, insurance, and bookkeeping. We have no payroll costs and wonderful volunteers!
Can your gift be matched? Make your gift go farther with a matching gift! Many companies match their employee’s charitable donations. Contact your human resources office to find out if there is a matching gift program at your company and let us know if you need help with any paperwork!
DO YOU DONATE IN HONOR OR MEMORY OF A VETERAN? We are proud to memorialize your loved one by using donations in memory of a veteran or friend to assist an injured veteran embarking on a new life as an entrepreneur.
RETIREES: DID YOU KNOW YOU CAN DONATE ALL OR PART OF YOUR MANDATORY IRA DISTRIBUTION? Read More about this new program to save on your income taxes, and offer a donation to Work Vessels for Vets
[Excerpted from Emily Brandon, USA Today Dec 4, 2017]
After years of contributing to tax-deferred 401(k)s and IRAs, income tax is due on that money when you take withdrawals in retirement. Annual withdrawals from traditional retirement accounts are required after age 70 1/2, and the penalty for skipping a required minimum distribution is 50 percent of the amount that should have been withdrawn. However, if you are in the fortunate position of not needing your distribution for living expenses and are charitably inclined, you can avoid income tax on your required withdrawal by donating your money directly to a qualifying charity. Here's how a qualified charitable distribution from your IRA can be used to help others and reduce your tax bill.
Meet the requirements. IRA owners must be age 70 1/2 or older to make a tax-free charitable contribution. Those who meet the age requirement can transfer up to $100,000 per year directly to an eligible charity without paying income tax on the transaction. If you file a joint tax return, your spouse can also make a charitable contribution of up to $100,000, meaning couples can exclude up to $200,000 of their retirement savings from income tax if they donate it to charity. If you donate more than the maximum allowable amount it is considered income and could be subject to income tax. Qualified charitable contributions must be made by December 31 each year in order to exclude that amount from taxable income.
Charitable contributions can only be made from IRAs, not 401(k)s or similar types of retirement accounts. So you might need to roll funds over from a 401(k) to an IRA if you want to make tax-free charitable contributions part of your retirement plan. You don't need to itemize your taxes in order to make an IRA charitable distribution. However, you cannot additionally claim a charitable contribution tax deduction on a charitable distribution from your IRA
Your Product Donations Help -
New and use products (boats, computers, vehicles, machinery, tools, farm equipment, etc.) assist our veterans as they build a company, start a job, learn a trade.
Contributions are Tax Deductible - Our ein# 26-3201760Under Section 170 of the CODE status under Section 501 (c)(3). BEQUESTS, devices, transfers, or gifts under Section 2055, 2106 and 2522 of the Code are also welcomed.