community economic development offering byiphuntfoundation.org/cdfi/cdfi-(master).pdf ·...
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COMMUNITY ECONOMIC
DEVELOPMENT OFFERING BY
“In The Shelter of Each Other the Community Lives” tm
6655 West Sahara Avenue, Suite B-200
Las Vegas, Nevada 89146 __________________________
© 2015 I.P. HUNT FOUNDATION, INC.
All Right Reserved
I. P. H U N T F O U N D A T I O N
COMMUNITY DEVELOPMENT FINANCIAL
INSTITUTION
COMMUNITY DEVELOPMENT FINANCIAL
INSTITUTION
IPHF COMMUNITY DEVELOPMENT NATIONAL TRUST FUND
CDFI FUNDRAISING
INITIATIVE © 2015 I.P. HUNT FOUNDATION, Inc.
MISSION AND VISION STATEMENT MISSION AND VISION STATEMENT
IPHF Community Development Financial Initiative (CDFI) is introducing innovative and exclusive community development programs that encourage and incentivize investors by providing the maximum tax benefits.
MISSION STATEMENT continued
The IPHF CDFI program will: Research, Develop and Promote human capital improvement
models and programs that promote and encourage Economic
Fairness, Financial Stability and reduce Economic, Political
& Social disparity.
Develop Innovative Community Improvement Strategies &
Financial advancement Initiatives!
Underwrite and finance Community Economic Growth
Initiatives and Community Development programs
New Market Tax Credit (“NMTC”) New Market Tax Credit (“NMTC”)
Basic Overview of New Markets Tax Credit (NMTC) - NMTC.. YouTube Presentation)
The New Market Tax Credit (“NMTC”), was enacted as part of the Community Renewal Tax Relief Act of 20001 and codified in I.R.C. Section 45D.
NMTC was designed to stimulate investment of new private capital, which in turn would facilitate economic and community development in distressed communities.
COMMUNITY DEVELOPMENT
INITIATIVES
COMMUNITY DEVELOPMENT
INITIATIVES
IPHF program visions for underserved neighborhoods include but are not
necessarily limited to:
Worker Health & Wellness Protection Services
Capital Growth & Investment Management Programs
Affordable Senior and Worker Housing Projects
Community based Industrial Development & Manufacturing Programs.
Education Advancement, Employment & Job Creation Programs
Community Development Trust Bonds.
Underserved &
Marginalized
communities
INVESTMENT PARTNERS INVESTMENT PARTNERS
TYPES OF PARTNERS
WE’RE SEEKING TO CULTIVATE & DEVELOP LONG-TERM RELATIONSHIPS
WITH INVESTMENT CLIENTS TO PARTNER WITH US SUCH AS:
wealthy individuals & families
public charities
local, national, international
private & corporate foundations
Professional Athletes
Individual & Family Trusts
Corporations & Companies
Entertainers – Film & Music
UN DERSTANDING COMMUNITY
DEVELOPMENT FINANCIAL INITIATIVE
UN DERSTANDING COMMUNITY
DEVELOPMENT FINANCIAL INITIATIVE
CDFI IS NOT:
A Tax Shelter Program
A Tax Avoidance Scheme
A Tax Haven Program
A Tax Evasion Program
A Stock Investment Project
A Recycling Dollars Program
INDIVIDUALS, CORPORATIONS and TRUSTS INVESTMENT PARTNERS ARE REQUESTED TO ENDOW ENDOW THE CDFI TRUST THE CDFI TRUST BY:
* Investing Annual TAX TAX DOLLARS Only! * Receive MULTIPLEMULTIPLE--YEAR WriteYEAR Write--offs & Deductions offs & Deductions * Tax Credits or UP TO 50% WriteUP TO 50% Write--off + REFUNDS! off + REFUNDS! * Does not cost any:Does not cost any:
Net ProfitsNet Profits 401K Savings 401K Savings Personal or Personal or CorproateCorproate Savings Savings Retirement or Pension Savings Retirement or Pension Savings Capital gains Capital gains
INDIVIDUALS, CORPORATIONS and TRUSTS INVESTMENT PARTNERS ARE REQUESTED TO ENDOW ENDOW THE CDFI TRUST THE CDFI TRUST BY:
* Investing Annual TAX TAX DOLLARS Only! * Receive MULTIPLEMULTIPLE--YEAR WriteYEAR Write--offs & Deductions offs & Deductions * Tax Credits or UP TO 50% WriteUP TO 50% Write--off + REFUNDS! off + REFUNDS! * Does not cost any:Does not cost any:
Net ProfitsNet Profits 401K Savings 401K Savings Personal or Personal or CorproateCorproate Savings Savings Retirement or Pension Savings Retirement or Pension Savings Capital gains Capital gains
FUNDING STRATEGY & TAX BENEFITSFUNDING STRATEGY & TAX BENEFITS
DONATIONS THAT KEEP ON GIVING DONATIONS THAT KEEP ON GIVING
Non-Cash Donations
Automotive Vehicles
Individual Tax Refunds
Real Property
Insurance Annuity Income
Stocks & Bond Interests
Market Tax Credits
STATEMENT OF FACTS STATEMENT OF FACTS
Charitable Contributions
• IRS Publication 526 - Introductory Material
• IRS Qualified Tax Deductible Organizations
• How Much Can You Write Off?
• How Much Is Too Much?
There are no limits on charitable contributions for most taxpayers. Most of us will be able to deduct cash contributions in full up to 50% of our
adjusted gross income.
Tax Deductible
Donations,
Contributions &
Gifts!
TRUST FUNDS DONATIONS TRUST FUNDS DONATIONS
CDFI Contributions Are Used Only For IRS Qualified Purposes
We are prohibited and do not use CDFI Funds and contributions for Personal or any use other than
qualified expenses listed in IRS Publication 526.
PERSONAL PAY/ROYALTY CHECKS
PERSONAL PAY/ROYALTY CHECKS
Direct Deposits
–Direct Deposit of a Fixed Amount of cash or
–Percentage of Weekly/Monthly/Quarterly Net Pay or compensation is Allowable.
CONTRIBUTION DOCUMENTATION CONTRIBUTION DOCUMENTATION
Review of Annual Reports
CDFI Trust fund will publish and provide an “Annual” Report of program Contributions
to participant and Supporters.
Report of annual Contributions will be ”Available” on-line
or Based on a Five (5) day prior written request.
RECORD RETENTION RECORD RETENTION
Keeping Records for Cash Donations & Grants
Mandates Issued By:
Department of The Internal Revenue Service (IRS)
Letter Of Acknowledgement of Donations & Grants From IPHF
Internet address-IRS.GOV
Circular E
TAX PREPARATION TAX PREPARATION
IT’S NOT TOO LATE
TO DONATE!!!
ARE YOU READY
FOR APRIL 15TH
Tax Write-Offs and Deductions Non-Cash Donations
Charitable Contributions
Contact: Irvin D. Hunt
Project Founder and Director I. P. H U N T F O U N D A T I O N, INC.
(702) 262-9701 – office
(310) 413-5387 – direct
_______________________
Contact: Irvin D. Hunt
Project Founder and Director I. P. H U N T F O U N D A T I O N, INC.
(702) 262-9701 – office
(310) 413-5387 – direct
_______________________
I.P. Hunt Foundation is not engaged in rendering legal, financial, or tax advice. Information in our publications and on our
website is provided as general information about charitable giving and New Market Tax Credits (NMTC). Many topics
related to charitable giving and New Market Tax Credits (NMTC) have complexities and nuances that cannot be adequately
detailed in brief articles or announcements. Individuals' personal situations may vary. Please consult your financial or legal
advisor. Performance data is based on past performance and is no guarantee of future results.
If you would like to report discrepancies with information presented, please contact us at [email protected].
Finally, all grants, donations and contributions are tax-deductible
QUESTIONS
DRIVE AWAY WITH A TAX DEDUCTION
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