Tax Deductible Information

Z88.3 and it's co-stations, G Praise, Hot 95.9 and The ROCK HD, are owned by Central Florida Educational Foundation, Inc., and are operated by Z Ministries, Inc.  Both organizations have the same directorate and are local Florida not for profit organizations that are recognized by the IRS as charitable under §501(c)(3) of the tax code.  Therefore, all donations to Z88.3 (a registered DBA of Z Ministries, Inc.,) are tax deductible to the fullest extent allowed under law.

An Important Note about 2016 Year-end Giving

Both President Elect Trump and the Republican-controlled House of Representatives have proposed significant changes to income tax policy. While not identical, both plans look to lower income tax rates for most Americans beginning in 2017 and equally important may include an elimination or cap on itemized deductions.

Because of this, the implication for charitably minded individuals is clear – 2016 may be the perfect year to accelerate charitable giving in order to maximize the income tax benefit. With the current maximum individual Federal income tax rate at 39.6%, coupled with the potential future capping of itemized deductions, such acceleration may help to maximize the value of the charitable tax deduction before the end of the year.

Please check with your tax advisor and if increased giving now can help with your tax situation, we would love it if you would consider investing in the ministry of the Z!

Restricted or Directed Donations

All donations collected are for the general ministry activity of Central Florida Educational Foundation, Inc., and Z Ministries, Inc., conforming to IRS rules for unrestricted use of these monies in station operations ...unless we hear differently from you.

If the Lord is telling you to do something specific, we want to accommodate your desire, but we need to know in advance, please.  Rather than use the regular donor route, please call the office at (407) 869-8000 and ask for Judy Wise, Cathy Ligato or Jim Hoge and we will manually setup your gift so that it will be accounted for properly.

Make a Gift of Stock by Transfer

You may be able to enjoy significant tax benefits by making a gift of appreciated stock to the Z Ministries before December 31:

  • You avoid capital gains tax on the appreciated value.
  • The amount of charitable income tax deduction is equal to the full fair market value of the stock upon transfer.

It is easy to do - simply provide your broker or financial advisor with the following transfer instructions and then please contact Donor Support at the time you make the transfer so we can properly acknowledge your gift for tax purposes.

To generate your receipt, she just needs to know the number of shares, the name of the security you are transferring and your name, address and phone number in the email.  Also, feel free to contact her with any questions or problems, (she is good about watching her email box after hours), or, during office hours, you can call Judy at (407) 869-8000.

Transfer Instructions:

DTC ID #0725
Z Ministries Inc.
Account #15320128
Raymond James and Associates

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