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Richard C. Peck Consulting, LLC & The Philanthropy Guy, LLC


Providing consulting and educational services to nonprofits, donors, and professional advisors related to impactful charitable giving

CONTACT RICK

Charitable Giving Newsletter

03/01/24


In This Week's Issue:


Kind Gifts are Gifts-in-Kind (like Computers!)


Weekly Tips for Nonprofits, Donors, and Professional Advisors

Kind Gifts are Gifts-in-Kind (like Computers!)

So, you know that you can give money to a nonprofit. That is a given. But, what is not commonly known is that people can give "things" to a nonprofit...which you can see and touch. That is called "tangible personal property," and it can be donated "in-kind," which means intact, without selling or liquidating it first. These gifts-in-kind can come as "related-use," meaning the gifts are in sync with the mission and vision of the nonprofit, or they can be "unrelated use," which is likely to have different tax treatment, and the nonprofit may not keep it intact---so, the nonprofit will likely sell these and apply the net proceeds to its mission.


Today, we are focused on in-kind gifts. Like computers!


Did you know that almost five out of ten people in the U.S. have never owned a computer before, which is also to say they don't have access to the internet either? And, how many businesses retire the old computers and bring in new ones without any plan to dispose of the old ones?


PCs for People is a national nonprofit social enterprise working to get low-cost quality computers and internet into the homes of individuals, families, and nonprofits with low income. By recycling and then refurbishing computers, PCs for People provides a valuable service to businesses, families, and the planet by keeping computers out of landfills and repurposing them to advance digital inclusion.


So far, they have refurbished 13 million pounds (!) of what would have otherwise been e-waste. And, they have connected 92,000 households to the internet and distributed 260,000 computers to all fifty states, plus Puerto Rico. Read about Loren Williams and PCs for People here:

Loren Williams: Regional Account Manager at PCs for People

After more than 25 years working for IBM--- and other companies that distributed and leased computer hardware---Loren moved to the non-profit sector, joining PCs for People in 2021. Loren focuses on building relationships with organizations (not individuals) that want to put their "retired" technology toward bridging the digital divide while benefiting from no-charge e-waste recycling and data deletion services. Contact Loren if you would like to learn more about supporting the digital equity mission at PCs for People with a contribution of dollars or technology:

(1) Loren Williams | LinkedIn

A Tip for Nonprofits: What types of challenges does your nonprofit face? Attracting and retaining talent? A significant increase in the need for your nonprofit's services? Something else? Read about eight common issues here---and some solutions: 8 Challenges and problems facing nonprofit organizations - Unit4

A Tip for Donors: Why do you give? Have you really thought about it? This article quotes 15 reasons why people do it. Where do you see yourself here? Does more than one reason resonate? Read on: The Top 15 Reasons Why People Give to Nonprofits - AMORE CHARITY ORGANIZATION

A Tip for Professional Advisors: Did you know that Utah is the most generous state as measured by donations by percentage of income? That state is followed by Mississippi, Alabama, Tennessee and Georgia, in sequence. Read more here, scrolling down a bit:

80+ Charitable Giving Statistics & Demographics (2023) (definefinancial.com)

"Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek."

~Barack Obama

Richard C. Peck Consulting, LLC and The Philanthropy Guy, LLC

About Rick

228 Park View Drive

Belmont, NC 28012

+1 (603) 387-3897

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