Support People Hurricane Helene Disaster Relief Fund
Opulent Philanthropy Inc. - Empowering Communities
Opulent Philanthropy Inc. nonprofit organization dedicated to serving the needs of our local community. From providing food and shelter to those in need. We are committed to making a positive impact on the lives of those around us. By supporting Opulent Philanthropy Inc., you are supporting your community and helping to build a brighter future for all.
Hurricane Helene Emergency Relief Fund Tennessee:
Every contribution, big or small, will bring much-needed assistance to families struggling in the aftermath of this disaster.
Here's how your donation can help:
$25 can provide a care package with essential supplies for families in need.
$50 can help ensure displaced families have access to food and shelter.
$100 can contribute to debris removal efforts, making homes safe and accessible again.
Floodwaters from Hurricane Helene trapped workers at an eastern Tennessee plastics factory, with several family members learning Monday that their loved ones didn't survive.
Some of the workers' relatives got frantic video phone calls from their loved ones as the waters swelled around Impact Plastics in Erwin, where some workers were swept away from the parking lot located next to the Nolichucky River.
The families and friends had been posting desperate pleas on social media for help in finding their loved ones. Some showed up at a news conference carrying photos of the missing and pressed authorities to help find them.
Slowly, their postings were updated to say that their loved ones, several of them Latino, had died.
According to reports on social media, the workers were trapped outside the building, which was surrounded by fast-moving flood waters that kept them from leaving.
How To Donate: Cryptocurrency, Stock, and Donor Advised Fund
Donating With Cryptocurrency
Donating with cryptocurrency is a straightforward process. Here’s a step-by-step guide:
1. Choose the Charity
Look for organizations that accept cryptocurrency donations. Many nonprofits have begun accepting Bitcoin, Ethereum, and other cryptocurrencies. We accept many more.
2. Check Accepted Cryptocurrencies
Supported Coins: Confirm which cryptocurrencies the charity accepts. Common options include Bitcoin (BTC), Ethereum (ETH), and others.
3. Set Up a Cryptocurrency Wallet
Wallet Options: If you don’t already have a cryptocurrency wallet, choose one that suits your needs. Options include:
Software Wallets: Apps or desktop software (e.g., Coinbase, Exodus).
Hardware Wallets: Physical devices for enhanced security (e.g., Ledger, Trezor).
Web Wallets: Online platforms (e.g., Binance, Kraken).
4. Purchase Cryptocurrency
Buy Cryptocurrency: If you don’t have cryptocurrency, purchase it through a cryptocurrency exchange or broker using fiat currency (USD, EUR, etc.).
5. Make the Donation
Obtain the Charity's Wallet Address: This is usually provided on their donation page. It’s a long string of letters and numbers.
Initiate the Transfer:
Open your wallet and select the option to send or transfer cryptocurrency.
Enter the charity's wallet address and the amount you wish to donate.
Review the transaction details carefully to ensure accuracy.
6. Confirm the Transaction
Transaction Fee: Be aware that there may be a network fee for processing the transaction, which varies by cryptocurrency.
Confirmation: After sending, you can track the transaction using a blockchain explorer to ensure it was successfully processed.
7. Get a Receipt
Tax Deduction: Some charities provide receipts for donations, which may be necessary for tax deductions. Check if the charity sends confirmation emails or receipts for your donation.
Additional Tips
Privacy: Cryptocurrency donations can offer anonymity but consider the charity's policies on privacy. You can donate to Opulent Philanthropy Inc., anonymously.
Volatility: Be aware that cryptocurrency values can fluctuate significantly, affecting the amount received by the charity.
When you donate cryptocurrency to a qualified charitable organization, you can potentially benefit from several tax advantages:
1. Charitable Contribution Deduction: If you donate appreciated cryptocurrency (held for more than one year), you can generally deduct the fair market value of the cryptocurrency on the date of the donation, rather than your original purchase price. This means you can avoid capital gains taxes on the appreciation.
2. Avoidance of Capital Gains Tax: By donating the cryptocurrency instead of selling it, you avoid paying capital gains tax on any increase in value since you acquired it. This can be a significant tax saving if the cryptocurrency has appreciated substantially.
3. Itemized Deductions: To benefit from the deduction, you must itemize your deductions on your tax return. The total amount of your itemized deductions needs to exceed the standard deduction for your filing status for you to see a tax benefit.
4. Limitations on Deductions: The amount you can deduct may be limited based on your adjusted gross income (AGI). Generally, you can deduct contributions up to 30% of your AGI for donations of appreciated assets.
5. Documentation: It's important to keep records of the donation, including the date, the fair market value of the cryptocurrency at the time of the donation, and any correspondence from the charity.
By following these steps, you can easily contribute to causes you care about using cryptocurrency!
Always consult with a tax professional or financial advisor to understand how these rules apply to your specific situation and for the most current tax regulations.
Donating Stock
Donating stock to a charity can be a tax-efficient way to give, as it allows you to avoid capital gains taxes while also potentially receiving a charitable deduction for the full market value of the stock. Here’s how to do it:
1. Choose the Charity
Select a Qualified Charity: Ensure the organization is a registered 501(c)(3) nonprofit to qualify for tax deductions. Opulent Philanthropy Inc. is registered and qualify for tax deductions 501 c3.
2. Evaluate Your Stock
Identify Stocks to Donate: Look for appreciated stocks that you’ve held for more than one year. This maximizes your tax benefits.
Consult a Financial Advisor: It may be helpful to discuss your options with a financial advisor or tax professional.
Obtain Instructions: The charity will provide you with the necessary details, including their brokerage account information. All information is provided in the donation box at the top of the page, click on the stock tab.
3. Transfer the Stock
Initiate the Transfer: You can usually transfer stock electronically through your brokerage account. Follow these steps:
Contact Your Brokerage: Reach out to your brokerage firm to initiate the transfer.
Fill Out Transfer Forms: Complete any required forms from your brokerage, specifying the charity as the recipient.
Provide Charity’s Brokerage Information: You will need the charity’s brokerage account number and other relevant details.
4. Documentation
Keep Records: Maintain documentation of the stock donation for tax purposes, including:
A copy of the stock transfer request.
Any correspondence with the charity.
A receipt from the charity acknowledging the donation.
5. Tax Considerations
Claim Your Deduction: You can typically deduct the fair market value of the stock on the day of the transfer. Be sure to consult IRS guidelines for any limitations.
Form 8283: If your donation exceeds $500, you’ll need to fill out IRS Form 8283 for non-cash charitable contributions.
6. Follow Up
Confirm Receipt: Ensure the charity acknowledges receipt of the stock and provides you with a written confirmation for your records.
Additional Tips
Check for Restrictions: Some charities may not accept certain types of stocks or may have restrictions on how the funds can be used.
Timing Matters: Consider the timing of your donation, especially around the end of the tax year, to optimize your tax benefits.
By following these steps, you can successfully donate stock to a charity while maximizing your tax advantages.
Donate (DAF) Donor Advised Fund
Donating from a Donor-Advised Fund (DAF) to a charity typically involves the following steps:
1. Check Your DAF Provider's Guidelines: Each DAF provider may have specific procedures for making grants. Review your provider's website or contact them for details.
2. Log into Your DAF Account: Access your account through your DAF provider's online portal.
3. Select the Charity Opulent Philanthropy Inc.: Search for the charity you wish to support. Most DAF platforms have a database of qualified charities. Ensure the organization is eligible to receive DAF grants.
4. Decide on the Donation Amount: Determine how much you want to donate from your fund.
5. Complete the Grant Request: Fill out the necessary forms or grant request online. You may need to provide details about the charity and the amount you wish to donate.
6. Review and Submit: Double-check all the information you’ve provided and submit the grant request.
7. Receive Confirmation: After your request is processed, you should receive a confirmation. The charity will also be notified of the donation.
8. Keep Records: Maintain records of the donation for your tax purposes.
If you're unsure or need assistance, contacting your DAF provider's customer service can be helpful.
Our Impact
Thanks to the support of our community, we have been able to make a significant impact over the years. Learn more about our accomplishments and the positive change we have brought about.
Donate to Opulent Philanthropy Inc.
Your donation will help us continue our mission and support our community. Every dollar counts and will make a difference in the lives of those we serve.
Contact Us
Have a question or a suggestion? We're always here to help. Contact us today and we'll get back to you as soon as possible.
Support People in Tennessee - Homes Destroyed by Tornado
Join Opulent Philanthropy Inc. in Changing Lives
Emergency Relief Fund: Providing food, water, shelter, and other necessities to families impacted by the storm.
Debris removal and clean-up: Aiding communities in removing downed trees and other debris to clear roads and restore normalcy.
Every contribution, big or small, will bring much-needed assistance to families struggling in the aftermath of this disaster.
Donate Now and Help
Here's how your donation can help:
$25 can provide a care package with essential supplies for a family in need.
$25 can provide shelter to displaced animals by the storm.
$50 can help ensure a family displaced by the storm has access to food and shelter.
$100 can contribute to debris removal efforts, making neighborhoods safe and accessible again.
We also accept DAF, Stock and Cryptocurrency on our website www.opulentusa.org/tennessee
Reminder: Employees submit match request for monetary donations. If your employer requires an Employer Identification Number (EIN) 45-3088713
A line of storms moving across Middle Tennessee has prompted tornado and flash flood warnings throughout the day, with more severe weather expected overnight.
Nashville and the Middle Tennessee region are facing multiple rounds of potentially severe thunderstorms on Wednesday through early Thursday morning.
Over 100 homes damaged, and one woman was killed in Columbia Tennessee. With dust still sticking to strands of her hair, Tammy Johnson, 66, of Columbia is picking up the pieces of the Cothran Road home, where she’s lived for "90%"of her life after a violent tornado tore through her street.
Her residence sits on a lush scenic hill overlooking Bear Creek Pike, the main roadway that leads to Columbia's eastern Interstate 65 junction.
Johnson was upstairs in bed, almost asleep early on Wednesday evening, when her bedroom window blew out.
“Things just started flying like the Wizard of Oz,” she said.
When the dust and the debris settled, Johnson and her dog, Max, were unharmed. In darkness, Johnson stumbled to collect herself, with Max in tow.
One person has been confirmed dead and four others injured, after an EF-3 tornado struck eastern Columbia off Bear Creek Pike in Maury County Wednesday evening. The storms brought hail, rain, high winds and flying debris to other parts of Maury County and Middle Tennessee.
Gov. Bill Haslam visited affected families on Thursday, describing the experience as several hours of "heartache" but also hope as neighbors helped each other and county and city first responders swooped to the aid of residents in need around the clock.
Trees along Cranford Hollow and Cothran roads are snapped like toothpicks, while power lines are downed in the middle of the road. What used to be a blanket of leaves covering the valley in shade, only sharp wooden edges are left.
“I just said God please don’t let me die,” Johnson said. “It was the scariest moment of my life.”
Her memories are strewn along the front lawn and a gaping hole in the second story of her home shows inside her bedroom.
A statue of Moses holding the Ten Commandments is still standing in her yard.
Her sister Diane White and her husband David White helped her salvage items inside the home. A friend Eddie Oliver stopped by to give Johnson a hug and see if she was OK.
"I am just thankful that I am alive," Johnson said. "You can replace things, but you can't replace a life."
The Whites worked to move an antique family heirloom chest from Johnson's upstairs bedroom to safety.
Days of clean-up are imminent, but Johnson says she's thankful.
The storms also caused power outages, damage to trees, structures and power lines. According to Butch Eley, Tennessee Department of Transportation Commissioner, at least 12 roads were closed Wednesday with some still closed.
Our organization is dedicated to providing hope and support to those who need it the most. We believe that everyone deserves a chance to live a fulfilling life, and that through our efforts, we can make a real difference in the world. Join us in our mission to change lives and make a lasting impact on the world.
Support People in Tennessee - Homes Destroyed by Tornado
Support People of Tennessee Tornadoes
Welcome to Opulent Philanthropy Inc.!
Disaster Relief: Providing shelter food, and water to help the great people of Tennessee. Two children are among the six people who were killed when a series of tornadoes ravage parts of Tennessee and Kentucky, on Saturday, destroying dozens of homes and businesses, snapping utility poles and trees like matchsticks and leaving tens of thousands of people without power as temperatures plunged into the 40s. And as the sun rose on Sunday, the true scope of devastation and heartache was made clear as emergency crews continued to sift through the debris left behind to locate anyone who may remain trapped in the rubble of collapsed structures. Tornadoes destroyed homes, overturning trucks and uprooting trees, leaving an estimated 35,000 people without power and many families homeless. A further 23 people were injured in the extreme weather. As residents and officials assess the damage, questions are being raised as to why the tornado warning sirens did not go off as the storm approached.
We are a nonprofit organization dedicated to improving the lives of people in need. Our mission is to provide assistance to those who are less fortunate and to create a better world for all. Through our programs and initiatives, we strive to make a positive impact on the world and to help those who need it the most.
Support People of Tennessee Tornadoes
Our Mission
Opulent Philanthropy Inc. Non-Profit
- We provide immediate assistance and long support during natural disasters when people are forced to evacuate and/or their homes are destroyed leaving them in need of shelter, food, or water.
- We support cancer patients who are unable to pay for medical treatments, copayments, or after care assistance that may not be covered by their insurance.
- We support impoverished students who qualify for a higher education but cannot afford to pay tuition through grants and scholarships.
- We support the homeless by providing shelter, food, and water, as more people than ever are living on the streets without the basic necessities to survive.
- Our staff, volunteers, and those we serve work together to provide assistance to those in need due to circumstances beyond their control to empower the most vulnerable among us and improve their quality of life.