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GET BIG BUCKS FOR
BLING THIS SPRING
THROUGH JEWELS FOR CHARITY
–Turn old jewelry into the treasure of life by donating through Jewels
for Charity to help your favorite cause and receive a whopping tax benefit–
BEVERLY HILLS, California, May 18, 2007 – Spring cleaning does not have to
mean just the closets. Dig into your jewelry box, and toss out old jewelry,
while helping your favorite charity. The Kazanjian Foundation’s Jewels for Charity
program, the charitable arm of the prominent jewelry company Kazanjian Bros.,
Inc., provides individuals with an opportunity to donate fine jewelry to the
charity of their choice and receive the highest tax benefit permitted by law. Jewels for Charity makes the donation
process simple and enjoyable, and helps individuals help those less fortunate.
In the past,
charities liquidated fine jewelry at wholesale rates, usually ten to twenty
cents on the dollar, so jewelry donors could only deduct the amount the charity
obtained, typically just pennies on the dollar. Jewels for Charity enables individuals and charities to obtain full
fair market value for donated jewelry, often benefiting far more than from a
liquidation sale.
Because the
Kazanjian Foundation uses the pieces in its traveling educational Jewels for Charity Hollywood Collection
tour, donors can realize more after taxes through Jewels for Charity than by selling the jewelry first hand.
To benefit Jewels for Charity, The Kazanjian
Foundation sponsors the Jewels for
Charity Hollywood Collection Tour that travels to fine jewelry stores,
galleries and museums worldwide, featuring a collection of prized jewelry
formerly owned by Hollywood’s A-list celebrities including Bing Crosby, Clark
Gable and Eva Gabor. Jewelry from such notables as Howard Hughes and the 78 ct diamond
tiara worn by Madonna during her wedding to Guy Ritchie is also featured. These
important donated pieces are the cornerstone of the Foundations philanthropy.
It is through their sale that charities and individuals benefit.
In exchange for the
opportunity to host the Jewels for
Charity Hollywood Collection Tour, the venues are asked to sell the jewelry
that has been donated by individuals at full market value. The host venue joins
the effort by giving up their normal profit in exchange for the opportunity to
donate 30 percent of the proceeds to a local charity of its choice, while the
remaining 70 percent goes to the donor’s charity of choice and the donor
receives the tax benefit. To qualify for the Jewels for Charity program, a charity must be 501C (3) nonprofit,
tax exempt and domiciled in the United States. One hundred percent of the Jewels for Charities operational costs
are subsidized by the Kazanjian family who currently underwrites all operating
expenses for the Foundation.
Donated jewelry must
be worth over $10,000 per piece. Items preferred include Art Deco, vintage and
exclusive items. Items are kept in the Jewels
for Charity Hollywood Collection tour for two years and remain for sale at
the appraised full market value. If a donated item does not sell by that time,
the Kazanjian Foundation will sell it at auction and the funds will then go to
the charity of the donor’s choice.
For those
interested in donating jewelry, please call 310.278.0811 for forms and
procedures. If necessary, the Kazanjian Foundation will help individuals locate
an independent appraiser in their local area.
About The Kazanjian Foundation (www.jewelsforcharity.org)
The Kazanjian
Foundation, a 501c (3) non-profit organization, was established in 1957 to
support scientific, artistic, cultural and other worthy causes. The Beverly
Hills-based Foundation emphasizes programs for disadvantaged and
underprivileged youth, and also provides scholarships for promising inner-city
youths. The Kazanjian Foundation underwrites all costs and expenses incurred in
the sale of any donated jewelry
so that 100 percent of the proceeds go
to charity. In the past, charities liquidated fine jewelry at wholesale
rates, usually ten to twenty cents on the dollar. Jewels for Charity enables individuals and charities to obtain full
fair market value for donated jewelry and receive the highest tax deduction
permitted by law.
Headquartered at
9489 Dayton Way, Suite 300, Beverly Hills, CA
90210; Tel: 310.278.0811; Fax: 310.275.0713 or visit www.jewelsforcharity.org
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