Other Ways to Give
Gifts of Stock
Get an extra tax break from appreciated stock. Giving appreciated stock or mutual funds to charity gives you an extra tax benefit: You can deduct the current value of the investment as a charitable contribution if you itemize, and you’ll avoid paying capital-gains taxes on the profits. (You’d owe capital-gains taxes if you sold the stock first and then wrote a check.)
If it’s a losing stock, it’s better to sell it first and give the cash. You’ll still be able to deduct your charitable donation if you itemize, but you’ll also be able to take a capital loss when you sell the investment.
Click the button below to download a form with the information needed to make your gift:
IRA Distribution
Donors age 70 1⁄2 and older can make tax-free charitable gifts of up to $100,000 per year directly from an IRA to AdkAction or any qualified charity.
Here’s how it works: After the age of 70 1⁄2, taxpayers are required to take annual distributions from IRAs. Distributions are included in their adjusted gross income and subject to tax. However, if you make a gift directly to a charitable organization from your IRA, the amount of the gift is excluded from your adjusted gross income, but the distribution sill counts toward you required minimum distribution.