Great ways to give before 2020
Anne Calder, vice president of development, is here to help you with your year-end giving. Call her today at (563) 326-2840.
Before the mad rush toward 2020 is upon us (or has it started already?!?), now is the time to request an IRA charitable rollover or make a stock gift.
IRA charitable rollovers benefit you—and the causes you care about
“IRA charitable rollovers are a fantastic way—often the best way, actually—for donors age 70 ½ and above to gift because it reduces income tax and is also Endow Iowa eligible for Iowa donors,” said Anne Calder, vice president of development.
IRA charitable rollovers often takes several weeks to come to fruition. To ensure your charitable distribution, whether from your required minimum distribution (RMD) or a non-RMD distribution (after age 59 ½ this can be done without a penalty) arrives at the Quad Cities Community Foundation in time for processing by December 30, contact Anne Calder today at (563) 326-2840 or AnneCalder@QCCommunityFoundation.org. We’ll make it as easy as possible for you.
Stock gifts appreciate for you and for charity
Appreciated assets make great gifts. When you make a gift of your securities or bonds to the Quad Cities Community Foundation for your community, your personal or family fund or a nonprofit fund you care about, you benefit in the following ways:
You receive a charitable income tax deduction, often for the full fair market value of your gift. This translates into tax savings on your next income tax return!
If you make a gift, rather than sell your appreciated investment, you can avoid capital gains tax otherwise due.
Your gift may also help you avoid paying the healthcare tax on any net investment income.
Because you are making a gift of an asset, your gift will not adversely affect your cash flow.
Making gifts from your assets, instead of from your checkbook, may allow you to make a greater gift than you ever thought possible.
To make a gift of stock within the 2019 tax year we advise contacting our office early. Stock transfers must be delivered to the Community Foundation’s receiving institution prior to 3 p.m. on December 30 to ensure they will be counted as 2019 gifts. Bank and servicer holidays can slow these processes down, so contact Anne Calder at (563) 326-2840 or AnneCalder@QCCommunityFoundation.org as early as possible for assistance and transfer instructions.