Financial Wellness Tips, Feature Focus

Why We Send Tax Letters

February 19, 2024|by Brianna

At Spave, we believe in transparency and accountability, especially when it comes to your charitable contributions. We even go so far as making a Security Promise to you. That's why we want to shed some light on our annual tax letter process. 

Why do we do this? 

  • IRS Compliance: Firstly, it's essential to note that this practice is not just a courtesy but a legal requirement mandated by the IRS. We're committed to upholding all necessary regulations to ensure that your donations are processed appropriately. 
  • Official Tax Receipt: The email tax letter, sent at the end of January each year, serves as your official tax receipt. It consolidates all the contributions you've made throughout the year via the Spave app, providing you with a comprehensive record for your tax filings. 

Your Charitable Impact 

It's important to recognize the significance of your contributions. Every donation made through Spave supports accredited nonprofits registered in the United States, enabling them to continue their invaluable work. Remember, 100% of your charitable gifts made through Spave are tax-deductible, allowing you to maximize the impact of your generosity. 

Partnering for Impact 

Spave collaborates with esteemed organizations like Make My Donation, Inc. and OrgHunter LLC to expand your philanthropic options. With access to over 1.5 million accredited nonprofits, you have the freedom to support causes close to your heart, knowing that your donations are making a real difference. 

Discover Spave Faves 

Interested in exploring more nonprofits and charities to support? Check out our curated list of "Spave Faves," our preferred nonprofit partners. These organizations are dedicated to making a positive impact in their communities, touching countless lives with their tireless efforts. Learn more about these inspiring nonprofits here. 

At Spave, we're not just about facilitating donations; we're about fostering a community of giving and impact. Thank you for being a part of our journey to create meaningful change. Together, we can make the world a better place, one donation at a time.