Tax Considerations in Giving

Here are two ideas that you may want to publicize to your giving base for ways to contribute to your organization in an even more tax advantaged way:

1. If you are 701/2, consider giving your required minimum distribution (or more) of up to $100,000 from your IRA directly to {the not-for-profit organization}. This may save overall taxes, especially if you are not able to itemize otherwise, or have medical deductions. This strategy may also lower your taxable social security and Medicare premiums.

2. Did you know? There are tax advantages in giving appreciated stock held for more than one year. Giving the stock to {the not-for-profit organization} and then letting {the not-for-profit organization} sell the stock eliminates you paying capital gains taxes, but still allows you to take a deduction for the full market value of the stock.