Year-End Generosity Strategies and Resources
1. Cash gifts. You can give up to 60% of your adjusted gross income if you itemize when filing your taxes and receive an income tax deduction.
2. Non-cash gifts. Appreciated private non-cash assets for giving include family and other privately held businesses and investment funds in the form of S corporation, LLC or limited partnership, stock options, real estate, and even cryptocurrency. Giving such assets produces the largest deductions, consisting of exclusion from capital gains (the equivalent of a deduction plus an actual charitable deduction.
3. Qualified Charitable Deduction (QCD). After reaching age 70 ½, you can make a QCD up to $100,000 direct-to-charity transfer from an IRA. The amount rolled over counts against any required minimum distribution and is excluded from gross income in the equivalent of a charitable deduction, with the advantage over a deduction of not blocking the IRA owner from also claiming the standard deduction.
4. Fund a Charitable Gift Annuity. PCA Foundation or National Christian Foundation (see contact info below).
5. Donor Advised Funds and Complex Gifts. We recommend that you contact either:
Presbyterian Church in America Foundation (PCA Foundation)
1700 North Brown Road, Suite 103,
Lawrenceville, GA 30043
National Christian Foundation (NCF)
1150 Sanctuary Pkwy, Suite 350
Alpharetta, GA 30009