Other Ways To Give
Donating appreciated stock held for over a year is a highly tax-efficient way to give.
- Tax Benefits: Avoid capital gains taxes on appreciation while receiving a charitable deduction for the full fair market value.
- Our Policy: To protect your gift from market volatility, we sell all shares of stock immediately upon receipt.
A Qualified Charitable Distribution (QCD) is one of the most powerful tax-saving tools for retirees.
- Age 70½+: Transfer up to $108,000 annually tax-free.
- Age 73+: Your QCD counts toward your Required Minimum Distribution (RMD) without increasing your taxable income.
- Direct Transfer: Funds must move directly from your IRA custodian to the Foundation to remain tax-free.
- Restriction: Per IRS rules, QCDs cannot be used to fund Donor Advised Funds (DAFs).
Real Property
A gift of real property can unlock significant philanthropic impact while providing substantial tax relief.
- Maximize Impact: By donating property (residence, farm, or commercial), you avoid capital gains taxes and receive a deduction for the full fair market value.
- Liquidation Policy: The Foundation’s policy is to sell assets immediately upon receipt to put those funds to work quickly.
Start a Conversation: These gifts require careful planning. Please contact us at info@phelpsareacf.org to determine if your property is a good fit.
Ensure the long-term vitality of the Phelps area by including the Foundation in your estate plans.
Smart Ways to Give:
- Retirement Plan Assets: Giving from a 401(k) or IRA is often the most tax-efficient method. While heirs may face heavy taxes on these accounts, the Foundation receives 100% of your gift tax-free.
- Bequests by Will: Designate a gift to our Restricted Endowment, a Donor-Advised Fund, or our Community Support fund.
- Life Insurance: Name the Foundation as a beneficiary for a simple, high-impact gift.
- Charitable Remainder Trusts: Receive annual income for life from a trust; upon your passing, the remaining assets transition to your chosen charitable fund.