Tax-Smart Giving

Tax-Savvy Giving Options

• Appreciated public securities, real estate or other noncash assets to eliminate long-term capital gains tax.
  • Email or call 913.621.8744 for account information to give your broker.
  • Sell securities and donate the proceeds: Through tax-loss harvesting you could use the capital loss to offset capital gains - up to $3,000 of ordinary income.
• Give a percentage of private business interests to eliminate long-term capital gains tax.
• Bunch charitable contributions for multiple years into a single tax year to potentially produce a larger two-year deduction than you would get by claiming two separate years of standard deductions.
• Gift through IRA – Qualified Charitable Distribution - If you are over 73, you are required to make a minimum annual distribution (RMD) by April 1 each year.
• Gift through an irrevocable charitable remainder trust or a charitable lead trust. Designating a charitable remainder trust as your beneficiary will combine a gift to charity with income to your heirs.
• Name Donnelly College as a designated beneficiary of your IRA or other retirement plans. Donnelly will not have to pay income tax on bequeathed assets. Every penny will go to benefit our students.
• Gift from established family foundation or donor-advised fund - You can also name your donor-advised fund as a beneficiary of retirement assets, life insurance, annuities and/or a charitable trust.