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Re: White House Petition for FIRST Funding
I had been interested in an idea similar to this. I called it:
"Mentor Match".
If your program was an approved Mentorship Program, then mentors could apply for a Federal Match when filing for their taxes. The match would be an exemption that would be the equivalent of up to the minimum wage value x 200 Hrs. maximum. For instance, if you make $20/hour of $40K/year, your federal income tax rate is probably on the order of 10%. 200 hours = $4,000 deduction which would in turn be paid to your charity to the tune of $400. Assuming a minimum wage of $7/hr, then the cap would be $1,400. This would be the approximate deduction for someone making $100k/year or more (At $100K your income tax rate is around 14%, 200 hours at $50/hr = $10,000 * 14%= $1,400).
My thought was to keep it fairly general in the sense of "Mentorship Programs" so that programs like Big Brother Big Sisters, Scouts, 4-H, .... Might be able to get some additional benefit from the hours a Mentor provides.
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