And now donations are Tax Deductible too!
Just got your taxes done? Wish you had had more deductions? We have good news! Now, when you donate credits or PBS money to our Books for Kids donation program, you can claim those charitable contributions on your Federal taxes.*
A love of reading has a lifelong impact — no one knows that better than a member of PaperBackSwap! We’re constantly being asked by members if we can expand our annual Books for Schools campaign, to get more books to more needy kids. We set out to find more organizations who would like new books. We didn’t have to look very far: sadly, PaperBackSwap’s home state of Georgia’s school system is ranked 32nd in the US, and it has the largest dropout rate in the country. We plan to select a different US state for each future round of donations.
Our goal is to give each child 2 books for their summer reading. All the teachers are being encouraged to ask the kids to bring the books back to the classes in the Fall, so that they can swap them with other kids. A great way to learn about sharing!
Our list of recipients includes five Title I schools (meaning each school has a high percentage of children from low-income families) and a summer camp for kids:
- The Title I Schools: Cumming Elementary, Chattahoochee Elementary, Chestatee Elementary, Midway Elementary, Whitlow Elementary
- A Place for Kids – summer camp created by The Place of Forsyth for students whose parents need childcare in order to work during the summer (2000 books)
Since these are all 501-C3 organizations, PBS Money and Book Credits donated to them can be recognized as tax deductions on your Federal tax forms. *
You can make your donations of Book Credits and/or PBS Money to either the schools or the camp (or both if you like!).
We’re thrilled to note that one of our members, Jerrie , volunteered to donate ALL of the credits to supply one of the schools (Midway). A huge donation from a huge heart! Thank you, Jerrie — the students at Midway will love their books! If you have a lot of credits, and want to make a big donation, please contact us for help facilitating that.
We thank all of our members who donate — no donation is too small! Every single Book Credit turns into a book for a child, and a single book has the power to change a life, as PaperBackSwap members surely know.
We believe that fostering an early love of reading helps kids all through their lives! Thanks for considering a donation of some of your unused credits and PBS Money to these worthy charities.
Richard and
The PaperBackSwap Team
www.PaperBackSwap.com
*We can’t offer tax advice, so please consult your tax preparer to discuss this in more detail — she or he may want to consider the cost to you when taking the deductions for Book Credits. For example, if you purchased the Credit from the Kiosk, then that price could serve as the basis of your tax estimate, whereas if you mailed a book to earn the Credit, then the cost of the postage, wrapping materials and gas expense to visit the Post Office could all be figured in. Again, please talk to your tax preparer about how best to take advantage of making a donation to a charity.
Tags: Books for Schools, Donations
What a great idea! Going to donate now! 🙂