Charitable IRA Rollover: If you are over 70 ½, you may be able to make tax-free charitable gifts of up to $100,000 annually directly from your IRA. To qualify for the charitable IRA rollover, a gift must be: (1) made by a donor age 70 ½ or older, (2) transferred from the taxpayer’s traditional or Roth IRA directly to a permissible public charity, such as SafeSpot, and (3) completed during the applicable tax year. If your gift qualifies, the contribution will be excluded from your income and also count toward your required minimum distribution for the applicable tax year.
Charitable IRA Rollover
Gifts of Appreciated Stock
Giving appreciated stock or mutual funds to SafeSpot gives you an extra tax benefit, because you can deduct the current value of the investment as a charitable contribution if you itemize, and you can also avoid paying capital-gains taxes on the profits. In contrast, you would owe capital-gains taxes if you sold the stock first and then gifted the proceeds to SafeSpot.
Planned giving allows you to realize potential income and transfer tax savings, while helping to ensure the long-term success of SafeSpot. There are a variety of forms that your deferred gift can take, including charitable lead trusts, charitable remainder trusts, insurance beneficiary designations, charitable gift annuities, and other deferred-giving opportunities.
DAF Direct makes it easier to support your favorite charities by giving directly from your donor-advised fund.
What is a DAF?
A donor-advised fund (DAF) is a centralized charitable account. It allows charitably-inclined individual, families and businesses to make tax-deductible charitable donations of cash, publicly-traded stock and in some case, certain illiquid assets, to a public charity that sponsors a DAF program.
Support SafeSpot by purchasing a Bravelet!
Please consider purchasing a Bravelet to support essential services for children and families in our community and to help raise awareness of child abuse! $10 of each purchase will be donated to SafeSpot Children’s Advocacy Center.