Welcome To
To Spread The Word
This Is Your Opportunity To:
- Add revenue to your company!
- Promote your company at no additional cost!
- Engage in worthwhile Philanthropy!
GREAT NEWS:
We are not asking for a Cash Donation!
“Although Cash Donations are always welcome”
We Are Seeking In-Kind Donations
Which Benefits The Giver and The Receiver
In-Kind Donations not only benefits the organization receiving the donation, it usually benefits the Donor MORE than an Outright Sale of the Item Being Donated!
What are In-Kind Donations?
In-Kind Donations are donations to a non-profit organization of something other than cash, such as: Vehicles, Equipment, Boats, Motor-Homes, Airplanes, etc; you have fully depreciated on your taxes.
Our proven process for handling in-kind donations typically provides your company with a stronger financial outcome than a traditional sale, thanks to the Charitable Tax Deduction and Avoidance of Depreciation
Recapture Taxes.
Why selling a fully depreciated vehicle is a bad idea. “As copied from the IRS”
“When a business sells a fully depreciated asset, the IRS requires “Depreciation Recapture” under Section 1245.
This reclassifies a portion (or all) of the gain from the sale price as ordinary income, which is taxed at your company’s regular rate rather than the lower capital gains rate.
This can significantly reduce your net proceeds after taxes and fees.“
In Addition the company selling the depreciated asset can expect to incur the following costs:
- Transportation to Sales Location;
- Dealer Prep/Dealer Fee if sold at Dealer Auction;
- Auction Fees.
About Us
To Spread The Word
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To Spread The Word was founded by “The Friends of WFGH and The Super Station Radio network to finance Radio Broadcasting throughout Appalachian America in areas such as: Huntington WV, Logan WV, Matewon WV, Wayne WV, Williamson WV.
Ashland KY, Louisa KY, Grayson Ky, Olive Hill KY, Morehead KY, Pikeville KY,
Chesapeake OH, Marietta OH, and numerous other overlapping areas.
AND to financially assist other non-profit organizations who strive to Spread The Word of Jesus Christ and to lend assistance to those in need.