"It allows experienced charitable organizations to provide assistance to a wide range of worthy causes while giving American tax payers an alternative way to turn otherwise burdensome vehicles into financially productive tools..."
Washington DC (PRWEB) April 28, 2011
On Thursday the dollar plunged to a two and a half year low as crude oil prices continued to escalate along with climbing costs at the gas pump, according to a report by the Associated Press. Benchmark West Texas Intermediate crude oil saw an 84-cent rise to settle at $112.29 per barrel on the New York Market last week. A Reuters analysis on Thursday drew a connection between rising gas prices and the dwindling value of the US dollar, attributing the increase in crude oil prices in volatile trading to a weak dollar that slumped to 2008 levels. "The product of these two economic forces happening at the same time--higher gas prices and a weak dollar--is that Americans are loosing faith in what has shown to be a tumultuous and uncertain road to economic recovery," says Vincent Everett (CEO Works of Life International Ministries).
The non-profit sector aims to alleviate the financial strain being faced by millions of American tax payers, who are now looking for ways to cut back on driving and to liquidate increasingly expensive vehicles, sea-vessels, and personal aircraft they no longer wish to own. So what's a good move amid a national recession with rising gas prices on a weak dollar? Donate non-producing assets to charity, says Everett.
"The results of trading on Thursday put the status of economic health on center stage because they sour what ever degree of hope had been building up around an economic turnaround. Where are the new jobs we were promised? What's happening with oil? And if we're in better shape economically then why is American currency loosing value?" asks the Works of Life Chief Executive.
AP also reported on Thursday that Analysts at Barclays Capital remain optimistic that public demand for crude oil will grow even as gas prices continue to escalate next to a weak dollar. Although some of the same analysts don't think we've seen the top of crude oil prices just yet.
"Positive economic markers like high revenue in large corporations don't necessarily lead to better economic conditions. Just because a corporations like GE reports good numbers doesn't mean that Americans are gaining confidence about the state of the economy. Quite the opposite is true," Says Everett. The Works of Life CEO cites a poll published in the New York times in which Americans who believe the economy is getting worse jumped 13 points in one month.
"The non-profit sector is concerned with what people are voicing about the economy, because it is at the grass roots level where charitable organizations operate," says Mr. Everett. Works of Life is a decade-old non-profit charitable organization with global reach together with its charitable partner With Causes.
One way to improve your economic portfolio in times of national economic distress, says Everett, is to donate assets to charity that have stopped generating positive cash flow. Donate a Car, RV, or Truck, donate a boat or yacht, donate real estate, or even donate an aircraft can help reverse negative financial returns.
With the national average for gas prices at $3.84 per gallon (30 cents higher than last month and nearly a dollar higher than last year), the non-profit sector encourages Americans who want to liquidate non-producing assets to donate their items to charity. "It allows experienced charitable organizations to provide assistance to a wide range of worthy causes while giving American tax payers an alternative way to turn otherwise burdensome vehicles into financially productive tools for both Donor and charitable recipient," adds Everett.
Reuters published a story recently stating that some market analysts are hopeful demand for oil will pick up as soon as national economic recovery regains momentum. The point to take away, says the Works of Life head, is that there is a general aversion towards spending at the gas pump while oil prices etch higher and higher. Works of Life and With Causes offer an alternative solution to liquidating non-producing vehicles, sea vessels, and aircraft: a charitable donation makes the donor automatically eligible for a fair market tax deduction while providing assistance to educators in low-income communities, victims of natural disaster, the elderly, and victims of abuse.
1081 S. Cimmaron
Las Vegas, Nevada 89145
About OnlineCarDonation/ Works of Life Intl. Ministries Inc.:
Operating since 1999 Works of Life is a non-profit, non-denominational faith-based charitable organization that provides charitable works for other like-minded organizations in the form of endowments, grants and much, much more.
Their clients range from social service agencies to private non-profits, hospitals and more importantly individuals with special needs including victims of crime, military families, those with physical challenges and victims of abuse.
Works of Life has enjoyed a successful relationship with many like-minded charitable Organizations, developing residential based programs for those interested in Ministering to others but limited physically in doing so.
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