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Holiday Giving

Amplify Your Impact with
Year end Giving

Helping people • IRA distribution: Making a Qualified Charitable Distribution
(QCD) from your IRA is an easy way to donate to a
makes you feel good. charitable organization. A QCD can reduce your taxable
income and satisfy your Required Minimum Distribution
This time of year, we hear a lot about the tax benefits of (RMD).
making charitable donations before the clock strikes midnight • Gift bundling: You can “bundle” several years’ worth of
on New Year’s Eve. And yes, it’s certainly wise for charitably support for your favorite causes or organizations through a
minded people to consider making their donations during the single, year-end gift to a donor-advised fund. Gift bundling
holiday season so they can realize the tax benefits when this through a donor-advised fund enables you to lock in support
year’s tax bill arrives.
to achieve your long-term charitable goals, while you get the
But let’s not forget why we give in the first place. For most of full tax benefit this year.
us, it’s because helping people makes us feel good. And this • Donate Complex gifts: Don’t be afraid to think outside the
is the time of year when our charitable giving can have an box. “Closely-held stock” and even valuable collections can
even greater impact than usual.
be excellent gifts to fuel your charitable support. Check with
That’s because many nonprofit organizations rely on end-of- your favorite nonprofit to see if they are able to work with
year gifts to both sustain their critical work in our community you and your professional advisor to facilitate a gift of a
and to determine what efforts to pursue in the year ahead. “complex” asset.
Support for health clinics, after-school programs, food • Gift planning: If now isn’t the best time to donate, you can
pantries, arts initiatives, environmental cleanups, animal name a nonprofit organization as one of the beneficiaries in
rescue, career training – so much of the charitable work that your estate plan. For example, when you commit to a bequest
transforms lives and makes our community a better place to to the Community Foundation of Broward your future gift will
call home is fueled by year-end giving to local nonprofits. create an endowed charitable fund that provides sustainable,
Giving during the holidays to your favorite charities can permanent support for causes that mean the most to you.
ensure ongoing support for your charitable passions.
Don’t forget that it can
Making an online donation or mailing a check are great take a few days to
ways to give, though you can also use other assets to amplify process a stock
your impact. Here are five asset options to keep in mind for donation, arrange
year-end giving: a wire transfer
• Give stock or real estate: If you own “highly appreciated or take the other
assets,” such as stock or real estate, and are also planning to steps required when
make a year-end donation, consider giving the appreciated using a non-cash
assets to your favorite nonprofit. Assets like appreciated stock asset for your year-end
can be sold by a charity for 100 cents on the dollar – no giving. So, the earlier
capital gains tax applies. That means your favorite charitable in the holiday season you
causes end up with more money to work with than if you had make your charitable gift, the
sold that same asset yourself and donated the proceeds. more flexibility you have.

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