Tax changes favor charitable giving
Now that the American Tax Payer Release Act of 2012 has been signed into law, there are several changes that may favorably affect your charitable donations. Please note that the IRA charitable rollover is back for 2013.
Donors age 701/2 or older are once again eligible to make a contribution of up to $100,000 from their IRAs directly to qualified charities without having to pay income taxes on that money.
Additional tax-deductible options
General giving is comprised of a variety of options, including monetary donations, securities and real estate, tangible personal property, and matching gifts.
Memorial and Tribute Gifts
Memorial and tribute giving allows you to create a lasting remembrance of a loved one, honor a special person or event, or thank someone who has made a difference in your life.
Planned giving allows you to plan now to leave a legacy. It can also provide income, avoid or minimize capital gains, and ensure the programs important to you are supported beyond your lifetime.
Supporting an endowment is an excellent way of providing for the present while also creating substantial funding for the future.