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Tracy Yellen named CEO of Health Foundation

1/26/2016

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We would like to congratulate Tracy Yellen on her appointment as the CEO of the Paso del Norte Health Foundation and its foundations. She has approximately 20 years of experience in the nonprofit sector and was previously the president of the Paso del Norte Foundation, the fundraising charity for the health foundation.

"Tracy is an incredible leader, role model and an inspiration to many of us", said Azuri Gonzalez, president of the Women's Fund of El Paso Board of Directors.  "The amount of thoughtfulness and caring that goes into Tracy¹s continued work in the community is to be commended. We are very fortunate to have had Tracy's leadership, guidance and involvement at the Women's Fund of El Paso for several years and are extremely proud of her recent appointment as CEO of the Paso del Norte Health Foundation, " Gonzalez said.

Congratulations again Tracy!

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Helpful Tax Tips                       Esther L. Ehrlich, CPA

1/25/2016

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​​Tax season is here and in full swing. The deadline to file your 2015 tax return is Monday, April 18, 2016. Washington D.C. will celebrate Emancipation Day on the traditional April 15 due date, which pushes the deadline to the following Monday. Here are a few tips to make this year's tax season go as smoothly as possible.
  1. Get organized ‐ This is one of the best ways to make your tax season faster, easier and stress‐free.
    • Place a basket in an easily accessible place where you can place all your tax forms as you receive them in the mail. Nothing slows down the preparation of your tax return more than a misplaced tax form. It can
      be several days to receive a replacement.
    • Purchase (or re‐purpose) a folder in which to place the forms once you begin opening the envelopes.
      An accordion‐type folder is ideal because it allows you sort the various forms and receipts into
      categories.
    • Now is the time to start going through your bank statements and obtaining copies of payments for items
      such as real estate taxes, medical expenses, charitable contributions, and unreimbursed employee
      expenses.
    • If your tax preparer provides you with a tax organizer, fill it out. This is a great tool for you. Take a few
      minutes to read through the pages ‐ it may jog your memory on the year's activity or provide ideas for deductible expenses. A completed organizer will also minimize preparation time, which will save your tax preparer time and save you money.
  2. Get connected ‐ The Internal Revenue Service's website (www.irs.gov) provides free information and resources such as:
    • Forms and publications (www.irs.gov/Forms‐&‐Pubs)
    • Checking the status of your tax refund (www.irs.gov/Refunds)
    • Tax return transcripts (www.irs.gov/Individuals/Get‐Transcript)
    • Information on credits and deductions (www.irs.gov/Credits‐&‐Deductions)
    • Withholding Calculator (www.irs.gov/Individuals/IRS‐Withholding‐Calculator)
    • Sales Tax Deduction Calculators (www.irs.gov/Individuals/Sales‐Tax‐Deduction‐Calculator)
  3. Best to e‐file ‐ The 2016 filing season opens on Tuesday, January 19, 2016. The IRS will begin accepting individual electronic returns and will begin processing paper tax returns that day. Choosing e‐file remains the fastest and safest way to file an accurate income tax return.
    There are free e‐file services available to taxpayers, including:
    • Individuals and families with incomes of $62,000 or less are eligible for IRS Free File. Commercial
      partners of the IRS offer free brand‐name software at no cost to you.
    • The Volunteer Income Tax Assistance (VITA) offers free tax help to people who generally make $54,000
      or less, persons with disabilities, the elderly and limited English speaking taxpayers. IRS‐certified
      volunteers provide free basic tax return preparation with electronic filing.
    • Tax Counseling for the Elderly (TCE) program offers free tax help to all taxpayers, particularly those who
      are 60 years of age and older. The program specializes in questions about pensions and retirement‐
      related issues unique to seniors.
    • Call 1‐800‐906‐9887 or visit http://irs.treasury.gov/freetaxprep/ to locate a VITA or TCE site.
  4. Get direct deposit ‐ If you are expecting a refund, consider using direct deposit. It's simple, safe and secure.
    • The Treasury department uses the same electronic transfer system used to deposit nearly 98 percent of
      all Social Security and Veteran Affairs benefits.
    • You will usually receive your refund in 21 days or less.
    • You can use it to deposit your refund into one, two or even three accounts, including your Individual
      Retirement Account.
    • You can split your refund easily by using your tax software. Or, you can use IRS Form 8888 Allocation of Refund. 


​Esther is a Tax Manager at Lauterbach, Borschow & Company, P.C. and is an adjunct lecturer teaching Individual Federal Taxation at the University of Texas at El Paso (UTEP). She has practiced in public accounting for 10 years where she has worked with closely-held/family businesses and individual taxpayers. Esther graduated from UTEP with a Master’s degree in Accountancy and a Bachelor’s degree in Accounting. She is a Certified Public Accountant licensed to practice in Texas.
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Scholarship Highlight: Support helps single mom pursue Nursing degree

1/25/2016

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PictureErika Roman, 39 years old, attends El Paso Community College Major to get her Associate of Applied Science in Nursing.
Meet Erika Roman, a 2014 recipient of the Women’s Fund of El Paso scholarship. Erika currently works for Las Palmas Medical Center as a Certified Hyperbaric Tech and a Registered Medical Assistant. Her goal is to obtain her bachelor’s degree in nursing and begin her career as a nurse in the same hospital.
 
“I work for Las Palmas already, so it would be easy for me to transition into the nursing department on any floor (of the hospital),” she said. As a single mother, her biggest accomplishment thus far has been seeing her two older children prevail in their studies and careers despite coming from a divorced family.
 
One of her sons also attends El Paso Community College and is studying to be a physical therapist. Her other son recently enlisted in the United States Navy. “I am a single parent and having these boys come out on top when coming from a divorced family is a big accomplishment,” she said.
 
She counts her mother as her biggest influence in working hard for not only herself but also her family. “When I was 15, my mother and father got divorced. She worked full-time and raised her three daughters as best as she could while battling alcoholism. I learned to be a hard worker from her and I thank her every day for what she has shown me”.
 
Coming from a single-parent household herself and navigating the difficult path of raising a family on her own, Erika has continued to persevere in her quest to improve her family’s future through education.  “The scholarship from the Women’s Fund benefitted me by helping me get books and helping with bills at home so that I would not fall behind while attending school,” she said. “I thank the Women’s Fund for helping me and others to accomplish our goals.”
 
Since its inception, the Women’s Fund of El Paso has awarded 145 college scholarships to local women in our community. To find out how you can help provide these scholarships to women in need, click HERE.


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El Paso Women’s Economic Summit explores power in numbers

1/25/2016

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Responding to a study showing that 53 percent of households headed by women in El Paso were living in poverty, a group of 80 women leaders from organizations throughout the county gathered last fall to discuss what could be done.

The gathering at the El Paso Community Foundation was the first installment of the El Paso Women’s Economic Summit. The goal of the summit was to bring women leaders together to identify local resources available to women to help boost their economic status. An Oct. 16 article in the El Paso Times reported a consensus among the attendees that they should continue to work together to fill in missing gaps.

"A lot of people (in the groups) didn't know what other agencies are doing. We have to get the word out and break down the silos of knowledge and bring other voices to this powerful work," Deborah Zuloaga, CEO of United Way of El Paso County, told the group, according to the Times.

Based on a 2014 report by the Texas Women’s Foundation titled “Economic Issues for Women in Texas” along with another study conducted 10 years ago by the El Paso YWCA and the University of Texas at El Paso, it was determined that little has improved for women economically in this community.   “In the El Paso metro area, 32% of households are female-headed yet they represent 53% of households living in poverty,” the 2014 report stated. For a single parent with two children, poverty is defined as living on less than $18,769 in per year

The report also found full-time working women in the El Paso metro area have median earnings of $27,489 a year, one of the lowest earnings among the state’s metro areas and almost $8,000 lower than the state median for women.

The Texas Women’s Foundation identified four building blocks for economic security for women in El Paso:
  • Education - Women with a high school diploma earn 36 percent more than women without a high school diploma. Women with a bachelor’s degree earn 85 percent more than women with an associate’s degree
  • Health care – 28 percent of women and girls in the El Paso metro area lack appropriate health care. Forty-seven percent of all uninsured females in the El Paso metro area are between the ages of 35 to 64; 43 percent are women between 18 and 34
  • Child care - With 54 percent of children under six living in families with all available parents in the labor force, child care is a significant need for women in the El Paso metro area
  • Housing - 71 percent of single-mother families in the El Paso area who rent their homes spend at least 30 percent of their income on housing costs

Azuri Gonzalez, Women’s Fund of El Paso President, states that the next step for the Women’s Economic Summit is to analyze the feedback from the gathering and reconvene in February to form working groups. These groups will work together to develop solutions to some of the challenges presented in order to further identify and provide increased resources to local women.

​
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