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What is private gifting?
Private gifting is a concept that is embraced by a private
group of individuals and has been in existence for many years.
Our private activity does not involve network marketing, multi-level
marketing, or a business or commercial activity. There are no
business transactions, investments and/or securities involved in this
activity. There is no business or company name or location and there
are no directors, officers, shareholders, or principals. Individuals
simply support each other in a team concept and help change lives.
The concept of private gifting is based upon the fact that both American
and Canadian citizens have the right to gift property, cash and other assets
within the rules and regulations established by the laws. The U.S. gifting
rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511,
and Canadian Tax Code, Sections 143.3 and 62.0. The law states that one or more
individuals can give a gift to another individual of up to $10,000 each per
calendar year without any tax liability to either the giver or the receiver
of the gift, because the tax on the gift has already been paid. These gifts
are not included in the gross income of the recipient - See 102(1986 U.S. Tax
Code).
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How did this concept begin?
Giving private gifts to one another is an expression of kindness, which has been
going on for centuries. Governments have allowed its practice for individuals to
share their wealth with families, friends, and others. It has been a means of
helping and blessing others on special occasions or when the need arises.
In fact, to be considered a gift under the Tax Code, the gift "must proceed from
a detached and disinterested generosity; out of affection, respect, admiration,
charity or siliar impulse." In this activity, there are no expectations for exchange
of services or any other valuable consideration between the giver and the receiver.
Many cultures gift as a matter of course. Asian, Jewish and South American
communities gift individuals within their race and/or culture on a regular basis
so that they may start a business or buy a home. They in turn gift someone else
to help enhance their lives. Habitat for Humanity is a great example of private
gifting. Everyone participates with their time, their talents and materials
to build a home for someone else. Some participate with a hammer, some with nails,
some with food and others with the monetary gifts to purchase the supplies, but
all create a team that works together to bless someone's life.
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How does the gifting activity work?
Individuals share using a basic concept that "all things must be done in order"
and follow the law of reciprocity - giving opens the way for receiving. This
activity is offered only by means of an exclusive one-to-one invitation. When
someone accepts the invitation, they move through a natural progression from the
giving to the receiving stage of the activity usually in about one month.
Everyone rotates through the activity and if they comlete the progression, they
will receive monetary gifts and well wishes form the team. In this activity,
there is no fixed hierarchy of individuals who have an adventageous position or
unfair advantage over new participants.
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Who can participate?
As stated above, this is a private sharing group, and is offered only through an
exclusive invitation. You are invited to learn more about our activity and become
part of something extraordinary. Thank you in advance for your time and consideration.
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