Donate through Stocks, IRAs and More!
Your generosity fuels our mission to create lasting change, and there are smart, tax-efficient ways to make a meaningful impact. Explore these powerful giving options:
I give to Interfaith because compassion should never have boundaries. Everyone deserves dignity, hope, and a helping hand.
-Interfaith donor
Taking time to reflect on how you can honor your loved ones and the causes closest to your heart is a meaningful way to express your values and priorities. One powerful way to extend your impact with Interfaith Community Services is by including us in your Will or Living Trust.
These types of gifts — often called legacy gifts — allow you to make a lasting difference in the lives of individuals and families experiencing poverty. By planning a gift today, you can help ensure that our mission of healing, housing, and hope continues for generations to come.
Maximize your giving with appreciated securities/stock or real estate investments. Two ways to do this are through:
Charitable Remainder Annuity Trust (CRAT), which pays a fixed dollar amount.
Charitable Remainder Unitrust (CRUT), which pays a fixed percentage rate based on trust’s current value on assets.
With these stock gifts:
- Partial income tax deduction
- No capital gains tax when donated assets sold
- Estate tax savings
- With CRUT, income may increase if trust value increase
Gifting an IRA to charity is the most tax-effective way to leave money to Interfaith. At 73, the government requires removal of funds from IRA (Required Minimum Distribution (RMD)). When gifting these funds,
- Pay no income taxes on transfer/no tax deduction
- Must transfer from IRA to charity, not transfer out of IRA and then to charity
- Donors aged 70 ½ or older with an annual cap of $100,000 in any one year
Beneficiary Designations can name Interfaith as the beneficiary of all or some percentage of a retirement plan.
With these designations, both income and estate taxes are avoided if assets are passed directly to charity.
A Donor Advised Fund is one that make grants to Interfaith, but without the expense or administrative burden.
With a DAF:
- Immediately receive the maximum tax deduction the IRS allows
- Grant in future years as you wish to Interfaith
- Interfaith assumes all administrative duties for the fund and grants
- Easier than creating a private foundation
- Donors make initial payment for a fixed set term of years; remainder goes to family.
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