There are many ways that you can help us educate and inspire children and families to have healthier smiles and healthier bodies.
Support HealthWorks! Kids' Museum St. Louis!
Donate
To help us contaminate children of all ages to learn, have fun and make great life choices, make a donation today!
- Click here and make an online contribution
Exhibit Sponsorships
Sponsor one of our incredible exhibits! The exhibits available for sponsorship are:
- Medical Office
- Dental Office
- Pharmacy
- Farmer’s Market
- Kitchen
- Mouth Theatre
- Learning Theatre
- Interactive Dude
Short Term Gifting Strategy
The Tax Reform bill of 2018 has affected the impact of charitable deductions. The bill doubled the standard deduction resulting in 90% of Americans to no longer itemize. As a result, the donor advised fund (DAF) has become very popular for tax planning strategy.
- The strategy is to bunch your donations into one year. Let’s say you usually donate $4,000/year. You would fund the DAF with 3-5 years of donations and take the donation in that year. The strategy is enhanced when funded with low cost-basis stock.
- The process of setting up a DAF is easy. You should work with your financial advisor before the end of the year to take advantage of this commonly used tax savings strategy
Example
Assume you max out your state and local taxes (SALT) deduction of $10,000. Also assume you have $10,000/year in mortgage interest. Any donation under $4,000 will not get the deduction value as you will likely be taking the standard deduction. However, assume you set up a donor advised fund with $20,000 (five years worth of typical donations). Instead of a $24,000 standard deduction, you will now have $40,000 in deductions. You will now have the ability to easily donate to charities over the next five years out of the DAF.