Donating gets less costly - WALB.com, Albany News, Weather, Sports

Donating gets less costly

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Burglar makes himself at home

    Burglar makes himself at home

    Thursday, August 21 2014 6:06 PM EDT2014-08-21 22:06:30 GMT
    A burglar makes himself at home after breaking into two Colquitt County homes, and he finally got caught. Both times, deputies saw the burglar at the crime scenes. More >>
    A burglar makes himself at home after breaking into two Colquitt County homes, and he finally got caught. Both times, deputies saw the burglar at the crime scenes. More >>
  • Public Safety Captain injured in fire

    Public Safety Captain injured in fire

    Thursday, August 21 2014 5:13 PM EDT2014-08-21 21:13:00 GMT
    A Bainbridge Public Safety Captain was seriously injured while fighting a fire on East Martin Luther King Jr. Drive.More >>
    A Bainbridge Public Safety Captain was seriously injured while fighting a fire on East Martin Luther King Jr. Drive.More >>
  • Surveillance camera shows a bold thief

    Surveillance camera shows a bold thief

    Thursday, August 21 2014 5:10 PM EDT2014-08-21 21:10:21 GMT
    Video shows a man driving up to Marvin McWhorter's home on Oakwood Street Monday afternoon about 1:30 in a grey or white Ford F-150. He calmly walked around the house,broke a back window, and slowly walked out the back door three times carrying a laptop, play station, tablet, .22 caliber pistol, and $60 in cash.More >>
    Video shows a man driving up to Marvin McWhorter's home on Oakwood Street Monday afternoon about 1:30 in a grey or white Ford F-150. He calmly walked around the house,broke a back window, and slowly walked out the back door three times carrying a laptop, play station, tablet, .22 caliber pistol, and $60 in cash.
    More >>

December 12, 2005

An anonymous donor to Thomas University is taking advantage of little known federal law to encourage major charitable donations. He has filed the $50,000 gift under the Hurricane Katrina Emergency Tax relief act.

The money will be used for scholarships, academic advancement, and campus improvements. University officials say the tax break used is meant for people who regularly donate certain amounts to specific charities. "A lot of us were giving to Katrina relief, United Way, the Red Cross, Salvation Army. And a lot of the people who donated had maxed out on their tax deductions," says Rick Monroe of TU's Office of Institutional Advancement.

The legislation increases the amount donors can deduct for income tax purposes from 50% of their adjusted gross income to 100%. It ends on December 31st.

Feedback: news@walb.com?subject=ThomasDonation