Stocks, Bonds, & Mutual Funds
When you fund your philanthropy through a gift of assets, you benefit in these ways:
- You retain the cash you otherwise might have given.
- You can receive a charitable tax deduction for the full, fair-market value of the asset.
- You avoid capital gains taxes on the appreciated value of the asset.
- The value of an asset you wish to donate may exceed any cash gift you are able to make.
- UPF receives the full value of the asset when sold and converted to cash. None of the value is lost to taxes.
Your stockbroker or financial advisor will need this information to arrange a gift of stocks, bonds, or mutual funds:
- The Ukraine Partnership Foundation account is at Fidelity, #Z69-450529
- DTC #0226
Making a charitable gift from your IRA
Beginning in the year you turn 73, you can make a charitable gift from an IRA you own or inherited to satisfy all or part of the required minimum distribution (RMD) from that account. Your gift is considered a qualified charitable deduction (QCD) and is not regarded as income – so you’re not required to pay any income taxes on the amount you donate.
Normally, your required withdrawal is included in your taxable income and cannot be rolled into other tax-deferred accounts. However, since your RMD donation generates neither taxable income nor a tax deduction, you benefit even if you do not itemize your deductions. Tax benefits aside, earmarking this income for charity is a great way to begin or expand your giving to support the organizations and causes you care about most.
The information presented here is not intended as legal or tax advice. For legal or tax advice, please consult an attorney or financial planner.
