When you support TSF, 91% of your donation goes directly to support our work in Cambodia. In the U.S., we operate with an all-volunteer board and in Cambodia our entire staff is Cambodian.
We hope that you will join us in caring for Cambodia’s children. Contributions of any size to support the work of The Sharing Foundation are gratefully welcomed.
Sponsor a High School Student
When you sponsor a high school or college student, you are helping a needy student who otherwise would not be able to continue their education. Your support lifts them and their family out of poverty. These students are Cambodia’s future. Sponsoring a high school student for one year costs only $360.
Sponsor a College Student
When you sponsor a college student, you are providing housing, tuition, and books for a student to attend Norton University in Phnom Penh. TSF rents dormitories and pays for utilities and food. Students take turns preparing meals and housekeeping. The actual cost of a college year averages $1600 per student, but we ask sponsors to donate what they can afford. A generous TSF donor makes up any shortfalls. We encourage high school sponsors to continue with their students when they enter college.
Sponsor a child at Roteang Children’s Center
You may also sponsor a child at our Roteang Children’s Center. Sponsors receive photos and updated information four times a year. More importantly, your sponsored child is encouraged and motivated by your interest and support. The cost of children’s center sponsorship is $1,800 per year or just $150 per month.
TSF Endowment Fund
TSF’s Endowment fund provides the financial stability to ensure that our special needs Roteang children will receive lifetime care.
If you would like to contribute to TSF’s Endowment Fund: Click the “Donate Now” button to contribute online
Charitable Giving in 2021
The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) signed into law in 2020 gives generous incentives for tax-efficient giving. Key parts of the 2020 CARES act have been extended into 2021.
Charitable Deduction for Non-Itemizers
The CARES Act temporarily provides an “above the line” income tax deduction to non-itemizers making cash contributions to public charities in 2020. This provision has been extended into 2021 for taxpayers filing single or separately.
New in 2021 is the “above the line” deduction for married taxpayers filing jointly, who don’t itemize, has been raised to $600 for charitable cash contributions.
Increased Adjusted Gross Income (AGI) Limitation
The CARES Act makes it possible for individuals to deduct up to 100% of their adjusted gross income for cash gifts made in 2021 to any public charity other than a supporting organization, which The Sharing Foundation is not. The increased AGI limitation does not apply to donor-advised funds.
Required Minimum Distributions in 2021
After being suspended in 2020, Required Minimum Distributions (RMD) are back this year for those 72 and older. All or part of your RMD can be a Qualified Charitable Distribution (QCD). The QCD annual limit stays at $100,000. The benefits of making a QCD to a charity are:
You pay no income tax on the IRA distribution transferred directly to a charity. The distribution doesn’t generate taxable income or a tax deduction, so you benefit even if you don’t itemize.
The direct transfer lowers your overall income, and in some cases, may lower your Medicare premiums.
Consult with your tax advisor
The CARES ACT provides great incentives to give to your favorite causes in 2021. To determine how its options can work best for you, speak with your tax advisor and contact us if we can help you with your gift planning.
Hint- An easier way to make QCDs from your IRA
If you ask, many IRA administrators will provide you with a checkbook for making withdrawals from your IRA. Using checks eliminates the need to make individual requests for each Qualified Charitable Distribution.
More ways to give
Donating Appreciated Securities
Donating appreciated securities, such as stock or mutual funds, is a tax efficient way to care for Cambodia’s children. Please contact us at Donations@Sharingfoundation.org, or The Sharing Foundation, P.O. Box 600, Concord, MA 01742
Support TSF by purchasing Cambodian crafts! More information coming soon!
Shop Amazon Smile
Amazon Smile is a simple and automatic way for you to support The Sharing Foundation every time you shop, at no cost to you. When you shop at smile.amazon.com you’ll find the exact same low prices, vast selection and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to your favorite charitable organization. Shop Amazon Smile
For more information on the many ways you can care for Cambodia’s children, email: donations @sharingfoundation.org or write: The Sharing Foundation, P.O. Box 600, Concord, MA 01742.
Checks should be made payable to “The Sharing Foundation.”