When you make a gift to the Christian Brothers of the Midwest, you become a part of something bigger. How might you make an impact before 2024 ends?
Give With Your IRA: Qualified Charitable Distribution (QCD)
If you are 70½ or older, you can make a tax-free gift of up to $105,000 to the Christian Brothers of the Midwest directly from your IRA account.
An IRA QCD counts towards satisfying the required minimum distribution and offers great tax savings even if you do not itemize deductions.
Consider Giving With Your Donor-Advised Funds
The donor-advised fund (DAF) is becoming an increasingly popular way to simplify your year-end charitable giving.
- Make an outright gift by recommending a grant to the Christian Brothers of the Midwest.
- Designate the Christian Brothers of the Midwest as the remainder beneficiary of your DAF account.
Use Your Appreciated Securities
Substantial gains in the stock market make giving appreciated securities owned for at least one year an especially tax-smart gift.
You receive an income tax charitable deduction equal to the full market value and avoid capital gains tax on the appreciation in value of securities that you contribute.
Set Up a Gift Annuity
Charitable gift annuity rates are generous compared to interest rates being paid by banks on Certificates of Deposit and are tax attractive when funded with appreciated securities.
In addition to receiving fixed payments for life, you receive an immediate income tax charitable deduction for a portion of your gift this calendar year.
Contact us today if you are interested in making a difference this year.
