Boundless Readers 5153 North Clark Street, Suite 206 Chicago, IL 60640 p. 773.989.8582 e. info@boundlessreaders.org
© 2009 Boundless Readers
Donation FAQs
Is Boundless Readers a 501(c)(3) organization?
Yes, Boundless Readers is a qualified 501(c)(3) not-for-profit organization. Boundless Readers’ tax-exempt ID number is 36-3627196. Boundless Readers was formerly known as The Rochelle Lee Fund.
Are my donations to Boundless Readers tax deductible?
Yes, your donations are fully tax deductible as permitted by law.
What portion of my gift goes to support Boundless Readers programs?
100% of your donation goes to Boundless Readers. 85% of every dollar donated directly supports Boundless Readers programs, so your gift will have an immediate and significant impact on the teachers and students who we serve. 15% covers general administrative and fundraising costs which are vital to sustaining the organization. Many nonprofits of equivalent size have 20-25% averages for administrative/fundraising expenses.
How is Boundless Readers funded?
We must raise 100% of our operating funds each year. Boundless Readers is funded by the very generous financial support of foundations, corporations and individuals. For a list of our major foundation and corporate supporters, click here.
Can I donate stock or other securities?
Yes, you can make a charitable gift of your stocks and securities. If you have appreciated securities (stocks, bonds, mutual funds) that you have owned for at least one year, you may want to consider contributing them as a gift to Boundless Readers. You will avoid paying capital gains tax and you can deduct the full fair market value, so you will see a great tax benefit in addition to supporting our important work. It’s a generous and smart way to invest in children to help them become lifelong readers, learners and thinkers. Please contact Traci Schnepf at tschnepf@boundlessreaders.org or 773-989-8582 to make arrangements.
Can I give through my or my spouse's workplace giving program?
Yes, most workplace giving programs such as United Way will permit you to direct your giving to a qualified nonprofit like Boundless Readers. .You receive full credit for participating in your company's community giving program while getting to direct your personal contribution to Boundless Readers. During the sign-up and pledge period of your/your spouse's company employee giving program, review the distributed materials or ask your workplace giving representative or human resources department if your payroll giving can be specifically directed to Boundless Readers.
Does Boundless Readers accept matching gift donations?
Absolutely! Matching gifts are a great way to double or triple the impact of your gift as many employers will generously match gifts 1 to 1 or 2 to 1. Check your/your spouse’s company website or ask your human resources department if your donation can be matched and what process you need to follow.
How can I make a tribute gift?
Tribute gifts are a wonderful way to honor family and friends for birthdays, anniversaries, holidays or other special occasions. We will notify the honoree of your generous gift. You may donate now online and designate it as a tribute. You may also contact Traci Schnepf at tschnepf@boundlessreaders.org or 773.989.8582 to learn more and make donation arrangements.
Does Boundless Readers accept memorial gifts?
Memorial gifts are a thoughtful way to remember an individual with a passion for books, reading, or teaching. We will notify the honoree's family of your generous gift. You may donate now online and designate it as a memorial gift. You may also contact Traci Schnepft at tschnepf@boundlessreaders.org or 773.989.8582 to learn more and make donation arrangements.
Can I donate to Boundless Readers from my IRA?
Yes, assuming you qualify under IRS rules. The tax relief act of 2008 allows charitable IRA distributions ... but only through December 31, 2009. People 70 1/2 or older may transfer up to $100,000 from their IRA tax-free if the gift is made directly to a nonprofit like Boundless Readers. Check with your financial/tax advisors for details or contact Traci Schnepf at tschnepf@boundlessreaders.org or 773-989-8582.
Does Boundless Readers accept in-kind donations?
Yes! Boundless Readers is always looking for in-kind donations to use for our fundraisers and silent auctions. If you have auction items for donation, please contact Traci Schnepf at tschnepf@boundlessreaders.org or 773.989.8582.
Additionally, we welcome in-kind donations from service providers and vendors such as computer and IT consulting, event venues, marketing services firms, office supply companies, accounting firms and legal firms. These donated services are very valuable to us as they help keep our administrative expenses low and enable us to invest more dollars directly in our programs. If you would like to donate in-kind services, please contact Traci Schnepf at tschnepf@boundlessreaders.org or 773.989.8582.
Can I donate to Boundless Readers online?
Yes, you can securely donate to Boundless Readers online through our nonprofit partner, Network for Good. Click on the "Donate Now" button on any page to make an online donation.
How can I find financial information on Boundless Readers?
Our federal 990 tax filings are available on Guidestar.org and other charity watch websites You may also contact Traci Schnepf at tschnepf@boundlessreaders.org or 773.989.8582 for additional financial information on our organization
Is there an annual report for Boundless Readers?
Our most recent Progress Report can be found here.
Who can I contact to learn more about donating to Boundless Readers?
We’d be happy to help! Please contact Traci Schnepf at tschnepf@boundlessreaders.org or 773.989.8582 with any questions.
via Network for Good
