Our blog - Sports World, INC.

Our blog

Meet Our Summer Intern, Hunter Orme

POSTED ON June 7th, 2016  - POSTED IN Uncategorized

Hunter Blog pic“My name is Robert Hunter Orme, but I go by my middle name Hunter. The reason I tell people my full name is because I have to write Robert on all of my legal and school documents.” This is how I introduce myself to just about everyone new I meet (in a professional setting) because they are not sure what name to call me. I figured this would also be the perfect way to introduce myself to anybody reading this.

 

A LITTLE BACKGROUND ABOUT MYSELF

My story is nothing spectacular but is nothing close to boring. I was born in Greenfield, Indiana and raised in Rushville, Indiana. I am a senior at Indiana University while getting a major in sport marketing and management with a minor is business marketing. Like most guys my age interested in sports, I played them at one point or another. Growing up I was pretty athletic, playing four sports during junior high and three during high school. I am about 6’6” 200 pounds right now, but in high school, I was a couple inches shorter and about 30-40 pounds lighter. I was a decent basketball player but always excelled in baseball. From the age of 11, I played travel baseball. I played or practiced the majority of the year for about 7 years, and even more in high school. Hours and hours spent training and practicing for hopes of a D1 scholarship and a chance at eventually getting drafted. To make a very long story short, when I was 16 I had my first surgery on my elbow. When I was 18 I had another, and my dreams were now unattainable. I tried to play at a small D3 college, but I just could not do it anymore because of my lack of arm strength and quit playing for good. I finished the school year there and transferred to IU to continue my education.

IRA Charitable Rollover

POSTED ON December 22nd, 2015  - POSTED IN Tax Benefit

Orig post www.independentsector.org | Re-Post Sports World 12/22/2015

logo8 300 wide.2014

The House and Senate have passed the Protecting Americans from Tax Hikes (PATH) Act, which makes permanent three charitable giving tax incentives which have been expired since January 1, 2015, including the IRA charitable rollover.

THE ISSUE
The IRA Charitable Rollover provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income. The provision is part of a package of 55 temporary tax extenders that were reinstated retroactively for only the 2014 tax year, but expired again on January 1, 2015.

LATEST NEWS
Congress passes tax bill including permanence for three charitable giving incentives
Following House passage of a tax bill including numerous permanent extenders and the Fiscal Year 2016 Omnibus spending bill, the Senate passed by a vote of 65 to 33 a larger package combining the two pieces of legislation. The House had earlier voted 318 to 109 in support of the extenders measure, with 77 Democrats joining all but three of their Republican colleagues in voting yes. The Omnibus bill, which also includes a two-year delay in implementation for the so-called “Cadillac tax”, enjoyed greater bipartisan support, with 166 Democrats joining 150 Republicans to pass the bill by a vote of 316 to 113. Following approval of a unanimous consent agreement yesterday, Senate Majority Leader Mitch McConnell was able to bring the expansive measure to the Senate floor under expedited procedures which allowed for very quick votes.

Broad tax extenders bill released, includes permanence and enhancements for charitable provisions
On December 16, following a late-night House Republican conference meeting the night before, House Ways And Means Chair Kevin Brady (R-TX), Senate Finance Committee Chair Orrin Hatch (R-UT) and ranking member Ron Wyden (D-OR), jointly announced a deal on a broad tax extenders package which would make a number of provisions, including the three charitable giving incentives, permanent. Further, the provisions relating to donations of land conservation easements and excess food inventory would both be enhanced and expanded. Other provisions would be reinstated through 2019, reinstated through 2106, or in some cases, gradually phased out. In a press release issued by the three taxwriters, Wyden noted that “this bill highlights clear priorities for reforming our tax system. … Charities can confidently plan and expand the good work they do.” While the current bill (the Protecting Americans from Tax Hikes Act or PATH Act) enjoys support from both Democrats and Republicans in the Senate, and Republicans in the House, support from House Democrats is less certain. Democratic Leader Nancy Pelosi (D-CA) and Democratic Whip Steny Hoyer (D-MD) have both been vocal about their opposition to the emerging extenders package, and House Ways and Means Committee Ranking Member Sander Levin (D-MI) did not join the other three taxwriters in announcing the release of the PATH Act. The process for floor consideration is yet to be announced, but previous indications had been that the House might vote separately on the extenders package and the omnibus bill, which was released at the same time, and then package the two together to speed consideration in the Senate.

Independent Sector and 19 other nonprofits urge immediate Congressional action on charitable giving incentives
Independent Sector and the Council on Foundations, supported by 18 other leading philanthropic and charitable organizations, sent a letter on October 21 calling for swift legislative action, urging Congress to take immediate steps to make permanent the three currently expired charitable giving incentives that are part of the tax extenders package. Collectively representing tens of thousands of charities and foundations across the charitable sector, these organizations reiterated that that without incentives permanently reinstated, “many of the donations the incentives were intended to promote will simply not take place.”

Independent Sector joins national coalition of over 2,000 urging Congress to act
Independent Sector, along with a broad national coalition of over 2,000 businesses, associations, and other charitable organizations recently signed onto a joint letter to Congress asking that they restore seamlessly the expired tax provisions, and make permanent those for charitable giving. IS continues to fight for permanent extension of these giving incentives, and thanks all those who answered our call to add their name to this letter, as we partner with a diverse range of industries to urge Congress to take decisive action.

Click here for full article…

Tax Benefits of Giving

POSTED ON December 16th, 2015  - POSTED IN Tax Benefit

Orig Post charitynavigator.org | Re-Post Sports World Inc. 12/16/2015

charity nav 300 wide

The following is a brief summary of certain federal income tax laws for informational purposes only. We urge you to consult your tax advisor for the federal, state, and local tax consequences of a charitable contribution.

Benefits to You of Giving to Charity

While we believe at Charity Navigator that your primary motivation to donate to charity should be altruism, we also think you should know that great tax benefits exist for those who give. Here are some of the benefits you should know about.

  • A gift to a qualified charitable organization may entitle you to a charitable contribution deduction against your income tax if you itemize deductions. If the gifts are deductible, the actual cost of the donation is reduced by your tax savings. For example, if you are in the 33% tax bracket, the actual cost of a $100 donation is only $67 ($100 less the $33 tax savings). As your income tax bracket increases, the real cost of your charitable gift decreases, making contributions more attractive for those in higher brackets. The actual cost to a person in the lowest bracket, 15%, for a $100 contribution is $85. For a person in the highest bracket, 35%, the actual cost is only $65. Not only can the wealthy afford to give more, but they receive a larger reward for giving.
  • A contribution to a qualified charity is deductible in the year in which it is paid. Putting the check in the mail to the charity constitutes payment. A contribution made on a credit card is deductible in the year it is charged to your credit card, even if payment to the credit card company is made in a later year.
  • Most, but not all, charitable organizations qualify for a charitable contribution deduction. You can deduct contributions only if they are made to or for the use of a qualified recipient. No charitable contribution deduction is allowed for gifts to certain other kinds of organizations, even if those organizations are exempt from income tax. Contributions to foreign governments, foreign charities, and certain private foundations similarly are not deductible. Below, you can view a list of organizations for which your donations can be deducted. All organizations rated by Charity Navigator qualify for charitable status, and you can deduct your donations, subject to certain limitations.

An organization could lose its charity status if it devotes a substantial part of its activities to formulating propaganda or otherwise trying to influence legislation. However, an organization, other than a church, may qualify as a charity and still perform some of these activities by keeping its political expenditures to an “insubstantial” part of its activities. Furthermore, donations to needy individuals are not deductible.

Click here to read full article…

18 Ways To Show Your Teen You Are Thankful For Them

POSTED ON November 18th, 2015  - POSTED IN Helping Teens

Orig Post www.operationparent.org | Re-Post Sports World 11/18/2015

family-with-happy-teens 300 wide

1. Advise when asked. There will be times your teen will come to you to fix a problem. But generally, only offer advice if they ask for it. Be sparing. Too much advice can feel like judgment to a teen. Listen to them when they talk to you – really listen, don’t just nod along. Sometimes it’s just as important to hear what they aren’t saying as it is to hear the actual words.

2. Look at them. I am guilty of doing other things while listening to my kids, which means I’m not giving them my undivided attention. Sometimes, our kids need us to look at them when they talk so they know that they are the most important thing to us in that moment.

3. Talk & Laugh. Spend time talking with your teens. Tell them about your day, about what life was like when you were their ages, what you’re struggling with. Laughing together is a great feeling that creates security and trust. Find a way to laugh with (not at!) your teen!

4. Say yes. Sometimes it’s easy to say no without really thinking about the request. Give your teens some freedom, let them take (reasonable) risks, and give them a chance to make their own choices.

5. Say no. They may be teens and they may be morphing into adults, but teens still need boundaries. Provide them, with love.

6. Respect their struggles. Sometimes those things our teens are struggling with seem so insignificant in comparison to our adult struggles, but it’s all a matter of perspective. Their struggles are very real and very important to them. Remind yourself, when your child is stressing about something that seems trivial to you, that it’s not trivial to them. Respect what they’re going through.

Click here to read full article…

Former LA Laker Motivates CHS Students to Make Right Choices

POSTED ON November 5th, 2015  - POSTED IN Helping Teens

Orig PosAt thetelegraph.com | Re=Post Sports World 11/05/2015

Sport Talk

EDWARDSVILLE — The importance of making good choices is the message that former Los Angeles Laker player Adrian Branch brought to a group of students at Southern Illinois University Edwardsville East St. Louis Center on Oct. 27.

“In your life, you are not born a winner or a loser,” said the 6-foot, 7-inch former guard/forward. “You are born a chooser. Your choices determine who you become.”

Branch, now a college basketball analyst for ESPN, came to the Center after learning that his engagement to speak at an East St. Louis school had been thwarted due to School District 189’s strike. He spoke with approximately 35 young people, including ninth and tenth grade males from the East St. Louis Charter High School (CHS) and Upward Bound East St. Louis, Cahokia (EC) male and female students.

Branch stood in the middle of the assembled group and discussed academic excellence, integrity, peer excellence, respectful relationships and achieving dreams.

He recounted for the students his high school days of developing into a star basketball player.

“I played for the winningest coach in the history of high school – Morgan Wooten at DeMatha Catholic High School in (Hyattsville) Maryland – and I got the big head,” Branch said. “I was concentrating on ‘showboating’ and looking good.”

Wooten threw Branch off the team. He was only allowed back after the players voted for him to return, and he apologized. But Branch said he did not learn his lesson.

Click here to read full article…

Haunting Facts about Alcohol Abuse and Halloween

POSTED ON October 21st, 2015  - POSTED IN Alcohol Awareness

Orig Post preventalcoholmisuse.wordpress.com | Repost Sportsworld 10/21/2015

pumpkin300 wide

Halloween is typically seen as the true beginning of the fall and winter holiday season. As many people know, the holidays can be a challenging time of year for some folks. Those who have family dysfunction or those who have lost loved ones are often lonely, depressed, or stressed around the holidays. Some people are stressed due to strapped financial situations and feel added pressure to spend money during the holidays. All of these pressures can lead people to abuse alcohol and other drugs when the holiday season starts up. Since Halloween is the first up, we are going to discuss some haunting facts about Halloween Alcohol Abuse and ways to keep yourself and children safe.

1. Halloween, a night when small children are out trick-or-treating, sees an increase in drunk drivers. In 2008, 58% of all driving fatalities on Halloween night involved drunk drivers. (Source)

2. Because Halloween is a social holiday for most people, there is a greater possibility of being exposed to alcohol at parties and gatherings. This can lead to an increase in drinking and subsequently impaired driving.

3. Most people do not plan ahead for safe travel on Halloween night.

MADD.org shares the stories of Jean Dyess and Jessica Fraire to help inspire people to remember the dangers of alcohol abuse on Halloween. Please read them and pass them along to your friends so that they can be more sober-minded about the upcoming holiday.

Click here to read full article…