How to Give: Gifts of Securities
Charitable Deductions and the New Tax Changes
IRA Charitable Rollover
If you're 70½ or older, you can donate from your individual retirement account directly to charity. The contribution counts towards your required minimum distribution and isn't included in your adjusted gross income. That could qualify you for tax breaks tied to your adjusted gross income and reduce or eliminate taxes on Social Security benefits.
*if you think this may apply to you, please consult your tax adviser.
Gifts of Securities
With a gift of publicly listed securities you’ll not only save on taxes, you may also save a few lives.
Securities and Real Estate
Gifts of appreciated property, such as securities or real estate, can provide even greater tax benefits to you than an equivalent gift in cash, especially when the appreciated property has been held for more than one year.
Tangible Personal Property
When you donate a gift of tangible personal property — such as works of art, rare books, or other items of value — you are generally entitled to a charitable tax deduction.
For more information, or to make a donation, contact the Director of Advancement at 216-631-4741 x132 or MBernot@wsccenter.org.