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Frequently Asked Questions

How much of my donation will go towards TaxWatch programs?

70 percent of Florida TaxWatch’s operating expenses directly support our important work in researching, analyzing and educating others on sound public policy.  A large percentage of the rest goes towards printing costs, building maintenance and other general support needs. Only 9.5 percent of the budget is allocated for fundraising expenses. Educating lawmakers, taxpayers, the courts and legal community - as well as the media - remains at the crux of our mission and it continues to influence every decision at Florida TaxWatch.

How does TaxWatch remain accountable to its donors?

Several mechanisms are in place to ensure that Florida TaxWatch remains faithful to its supporters.

Independent audits

Florida TaxWatch is audited each year by independent auditors. The auditor’s report is distributed to Florida TaxWatch Board of Trustees for review. Our audited financial statements and IRS form 990 are available through our website or upon request. Donors who have made designated or endowment gifts also receive regular reports on how these funds have been used.

Honoring Donor Intent

We believe that we have an obligation to respect your philanthropic intent as a donor and that we are strictly accountable to you. To that end, we pledge always to respect your philanthropic intent. To ensure our members can remain confident in our commitment to promoting sound tax policy as an independent organization: our Board of Trustees has amended our By-laws to ensure Florida TaxWatch remains true to its purpose.

Keeping Our Members Informed

All Florida TaxWatch members may sign up for weekly e-mail updates to stay informed about the major issues of the day and Florida TaxWatch’s impact on the debate. To sign up, fill out the form at the top right corner of this page. In addition, all donors automatically receive the How Does Florida Compare? and Budget Pocket Guides and breaking news updates.

Are donations to TaxWatch tax deductible?

Yes. 

Florida TaxWatch is a 501(c)(3) charitable organization, and contributions are tax-deductible for income, gift, and estate taxes. 

What is Florida TaxWatch’s tax identification number?

Florida TaxWatch’s federal tax identification number is 59-1918055. 

Which credit cards do you accept? 

Florida TaxWatch accepts Visa, MasterCard, American Express and Discover. Credit card contributions can be made by using our secure online form or by calling our Membership Office at (850) 222-5052.

Man I make a gift to Florida TaxWatch by check?

Certainly. Checks should be made payable to “Florida TaxWatch” and mailed to our offices at:
Florida TaxWatch
Development Office
106 N Bronough St.
Tallahassee, FL 32301

Can I establish a recurring autodraft contribution?

You may choose to contribute to Florida TaxWatch automatically each month or on a quarterly schedule through an electronic funds transfer—in which your contribution is electronically debited from your checking account—or through a charge to your credit card. These funds are deposited directly into Florida TaxWatch’s operating fund, to be put to work immediately.

Establish a recurring gift on your credit card online and join Florida TaxWatch Leader’s Club.

To establish a recurring contribution from your checking account, please call our membership office at (850) 222-5052.

Can I give a gift of securities (stocks or bonds)?

Yes.

Transferring securities held long term to Florida TaxWatch allows you to make a gift and receive a charitable deduction equal to the full, fair market value of the securities. You pay no capital gains on your gift and neither does Florida TaxWatch.

The best method of transferring these assets to Florida TaxWatch is to contact your broker and electronically transfer the stock from your account to Florida TaxWatch’s account. Avoid selling the assets and then making a gift of the proceeds, because this will trigger a capital gains liability for you.

In order for Florida TaxWatch to acknowledge your gift and provide you with an IRS receipt, please take the following steps:
     1. Call Florida TaxWatch Membership Office at (850) 222-5052 and let us know that you would like to make a gift of stock. 
     2. Provide your name, your phone number, the name of the stock you are giving and the number of shares (e.g. 20 shares of Microsoft) 
     3. Call your broker with the information below and ask your broker to contact our bank with the information that we will provide you.


Does Florida TaxWatch accept matching gifts?

Yes.

Many corporations agree to match the personal charitable donations of their employees with an equal or greater corporate contribution. Businesses also often match the charitable donations made by spouses or those who retired from the company. At no additional cost to you, your contribution can work twice as hard to help Florida TaxWatch continue to support sound tax policy.

How it works

To initiate a matching gift, complete your company’s matching gift form and send it along with your gift to Florida TaxWatch. Florida TaxWatch will complete the form, certifying that it has received your gift and that Florida TaxWatch is eligible to receive matching gifts under your company’s guidelines. We then forward the form to your company. After verifying the eligibility of both the donor and Florida TaxWatch, the company sends a check to Florida TaxWatch.

Each corporate matching program has its own rules. You should check with your employer’s personnel department to see if your gift qualifies for a corporate match. Visit Florida TaxWatch’s matching gifts page for a list of corporations that regularly match employee gifts.

Can I establish a gift annuity through Florida TaxWatch?

Yes.

By establishing a charitable gift annuity with Florida TaxWatch, you’ll receive annual income for life at higher rates than available through most CDs and savings accounts.

The income you receive is based on the gift amount and your date of birth (designed for persons of retirement age). You receive dependable income for life and a tax deduction reducing your income taxes. And, your gift will help make Florida TaxWatch even stronger in our fight to support sound tax policy.

For more information and to see a personal summary of benefits, please call our Gift Planning Office at (850) 222-5052.

Can I provide for Florida TaxWatch through my will or estate?

Yes.

Florida TaxWatch Legacy Society is a special group of Florida TaxWatch Members who have provisions to support Florida TaxWatch through their estate plans. Gifts to Florida TaxWatch through your will are totally free of estate tax. 
Read more about Florida TaxWatch Legacy Society. 

A bequest to Florida TaxWatch can be a gift of a specific dollar amount, a specific piece of property, a percentage of an estate, or all or part of the residue of an estate. You can also name Florida TaxWatch as a contingent beneficiary if someone named in your will is no longer living at the time of your passing. A bequest to Florida TaxWatch is easy to arrange and can be made by including the following words in your will: 

I give, devise, and bequeath to Florida TaxWatch, 106 N Bronough St, Tallahassee, FL 32301 (insert amount of money, percentage of estate, or describe property) to be used for its educational purposes.

Any type of cash, securities, personal property or real estate can be given through a bequest. Florida TaxWatch can also be named beneficiary of assets which often pass outside a will, such as IRAs, pension plans, life insurance, or assets held in a trust.

For more information about Florida TaxWatch Legacy Society and bequests or other planned gifts including charitable gift annuities and charitable trusts, please call Florida TaxWatch’s Gift Planning Office at (850) 222-5052.


Can I designate my gift to a certain program or scholar?

Yes.

While most Florida TaxWatch Members support our work through general support, you may also designate your gift to be used to support the work of a specific program or scholar at Florida TaxWatch.

There are a number of options and Florida TaxWatch’s development professionals are available to work with you and your advisors to find a particular program or center that you are enthusiastic about. Your inquiries will remain confidential. Please call Florida TaxWatch’s Membership Office at (850) 222-5052.

How may I establish an endowment at TaxWatch?

You may endow a specific issue, program or fellow in any issue area covered by Florida TaxWatch. For more information on establishing an endowment, please contact our membership office at (850) 222-5052.

STAY INFORMED

106 N. BRONOUGH ST., TALLAHASSEE, FL 32301     |     TEL: 850.222.5052     |     FAX: 850.222.7476
106 N. BRONOUGH ST., TALLAHASSEE, FL 32301
TEL: 850.222.5052     |     FAX: 850.222.7476

Media Inquiries:  Contact Leah Courtney by Email or Phone: 850.212.5052

Media Inquiries:
Contact Leah Courtney by Email
or Phone: 850.212.5052