We’ve made tremendous progress on important issues and transformed communities through disaster management, advocacy, education and outreach in underserved communities. We serve the most vulnerable populations in the U.S. Virgin Islands. There is much more work to be done.
We are on a mission to provide those in underprivileged communities in the US Virgin Islands with resources to combat the symptoms of poverty by removing barriers.
You are vital in helping us to fulfill our mission.
When you make a charitable gift to Community Action NOW! you will receive the satisfaction of supporting an important cause, the excitement of seeing your gift lead to positive change, turning CAN'T into CAN for many families in the U.S. Virgin Islands—in many cases—tangible financial benefits to you and/or another beneficiary, through tax advantages and the retention of a lifetime income from the donated asset.
Many employers sponsor matching gift programs and will match any charitable contributions made by their employers. If your company is eligible, request a matching gift form from your employer and send it completed and signed with your gift. We will do the rest. The impact of your gift to Community Action NOW! (CAN) may be doubled or possibly tripled. Some companies match gifts made by retired and/or spouses.
- Cash and Pledges
These are deductible for federal income tax purposes up to a limit of 50 percent of your adjusted gross income if you itemize deductions.
- Stocks and Bonds
If you itemize, you are entitled to a charitable income tax deduction for the full value of your gift, provided you have owned the securities for more than 12 months. You avoid paying a tax on capital gains that you would owe if you sold the securities.
- Closely Held Stock
Gifts of stock offer substantial tax benefits. There are a number of strategies you can use to structure the gift according to your circumstances.
- Personal Property
In planning your estate, remember that valuable collections, works of art, and other forms of tangible personal property may be subject to estate taxes. By donating such items during your lifetime, you not only reduce your taxable estate, but also reduce your taxable income in the year of the gift.
- Gifts that Provide Income
You may wish to make a substantial gift but feel you cannot afford to give up the annual income produced by the asset. Our life-income gift program offers several ways to help you make such a gift, while retaining an income for your lifetime.
- Real Estate
Almost any kind of real estate can make a valuable gift. No capital gains tax is due when you donate appreciated real estate; you are entitled to an income tax deduction in the amount of the appreciated value of the real estate; and you avoid estate taxes on the appreciated asset.
When donors feel they need capital during their lifetime, they can still associate themselves forever with the Community Action NOW! through a bequest. The value of a bequest is deductible for estate tax purposes, and there is no limit on the amount of the deduction.