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Wednesday, January 17, 2018

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NAM End of year Giving Opportunity
Northwest Assistance Ministries

December, 2010

Monthly Update - January 2011



Gifts of Clothing, Furniture or Household Goods to NAM Resale

If you are planning to donate items to NAM Resale before the end of the year and would like a tax receipt, please drop off your items at one of NAM’s three resale locations: 15555 Kuykendahl, 3645 F.M. 1960, or

10505 Jones Rd.
If you need a NAM truck to pick up your items, please call to schedule a pickup at 281-880-9482 begin_of_the_skype_highlighting              281-880-9482      end_of_the_skype_highlighting. Remember that NAM accepts gently used items in sellable condition, and that items must be in sellable condition to be eligible for a tax deduction.


Gifts of Cash

NAM accepts gifts by check through the mail at: Northwest Assistance Ministries, Attn: President & CEO, 15555 Kuykendahl, Houston, TX 77090. To receive a 2010 tax receipt, the envelope must be postmarked on or before December 31.


Gifts may be made over the phone by credit card by calling the Vice President of Fund Development at 281-885-4605 begin_of_the_skype_highlighting              281-885-4605      end_of_the_skype_highlighting. Gifts may also be made online at, or brought to NAM’s office at 15555 Kuykendahl. When making a donation in person, ask for a member of NAM’s Development Department in the lobby.


Gifts of Stock

Donating stock to NAM may offer more tax benefits than donating cash. Gifts of a publicly traded stock which you have owned for more than one year may result in exemption from capital gains tax on any increase in value, and a federal income tax deduction based on the current market value of the stock. To make a gift of stock, call NAM’s Chief Financial Officer at 281-885-4572 begin_of_the_skype_highlighting              281-885-4572      end_of_the_skype_highlighting.


Gifts from IRAs

Included in the Tax Relief Act of 2010. there was an extension of the Charitable IRA Rollover Provision through the end of 2011. This offers a unique opportunity for donors who would like to make a one-time gift from their IRA and who either do not itemize or who are subject to the 2% rule that reduces itemized deductions. Donors interested in such a gift should be aware of the following:


  • Individuals age 70 ½ and over may requests direct transfers of funds from IRAs to qualified charities like NAM without income tax on the gifted funds.
  • The funds must be directly transferred from the IRA to the charity.
  • Each individual may make up to $100,000 in gifts to charity each year under this provision.
  • 2010 IRA rollover gifts may be made through January 31, 2011.
  • For those individuals who have not yet taken their IRA Required Minimum Distributions for 2010, they may partially or wholly satisfy that requirement through an IRA rollover gift.
  • These contributions do not qualify donors for an additional charitable income tax deduction. Avoiding tax on the withdrawal is worth more than the standard charitable deduction.
  • Only standard and Roth IRAs qualify under this law. Other retirement accounts (such as 401K, 403b, SEP, KEOGH, simple IRA, etc.) cannot be used.
  • Donors of IRA rollover gifts cannot receive any personal benefits from the gift, such as charitable remainder trusts or gift annuities.


For more information, please consult your financial advisor. To make a rollover gift from an IRA, call NAM’s Chief Financial Officer at 281-885-4572 begin_of_the_skype_highlighting              281-885-4572      end_of_the_skype_highlighting.


  Upcoming Educational Events

NAM’s Rotary Learning Center will offer two financial literacy classes this month:


Tues., Jan. 11            Money for Life

Tues., Jan. 25            Setting Goals & Priorities – Choose Your Financial Destination


Each class will be held from 6:30-7:30pm at NAM’s main office, 15555 Kuykendahl, in Room 437. For more info, contact Bambi at 281-885-4626 begin_of_the_skype_highlighting              281-885-4626      end_of_the_skype_highlighting.



  Save the Date! 2011 Events...


February 27, 2011 – Art for the Hungry. Sign up to collect 1,000 non-perishable food items and make them into a sculpture, to be displayed for two weeks at Willowbrook Mall. All food goes to NAM’s Food Pantry. For info, call 281-885-4608 begin_of_the_skype_highlighting              281-885-4608      end_of_the_skype_highlighting or email




May 3, 2011- Endowment Dinner.   This year’s event will feature speaker Jeannette Walls, author of “The Glass Castle” and “Half Broke Horses.” Tickets start at $150. For info, call 281-885-4605 begin_of_the_skype_highlighting              281-885-4605      end_of_the_skype_highlighting or

Thank you for your support of NAM’s Holiday Project! 

Thanks to the support of friends like you, NAM was able to feed over 1,000 families for the holidays and give toys to over 2,500 children!




NAM will be closed on Monday, January 3 in observance of New Year's.

   Become a fan of NAM and of NAM Resale on Facebook!

   Visit NAM Resale’s new ebay store!


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