WAYS TO GIVE
• Pledges: –
Best Used: Donors may spread their pledge payment up to five years in order to make larger commitments and fulfill them at a comfortable pace. Donors are asked to complete a pledge form to ensure that your pledge details are accurately recorded and understood.
-Tax Benefit: Charitable deduction in the year of the gift
• Donate by Check or Credit Card
• A Grant/Donation from Donor Advised Fund or Family Foundation
CREATIVE WAYS TO GIVE
• Gifts of Appreciated Securities:
– Best Used: Securities held for more than 1 year, low basis or highly appreciated stock.- Tax Benefit: Receive a charitable tax deduction for the full market value of the securities and avoid capital gains tax if the donor has owned the asset for at least a year. To avoid capital gains taxes, you must provide the securities themselves, not the proceeds of their sale. These gifts may be deducted at fair market value on the date of transfer to JAS.
• Transfer of Required Minimum Distribution (RMD) From IRA or Retirement Plan:
– Best Used: After the age of 72 years old or over, individuals can make a qualified charitable distribution using part or all of their required minimum distribution (RMD) from a retirement plan.
– Tax Benefit: As of 2021, once you turn 72 years old you are required by the IRS to take minimum distributions from your IRA, SEP IRA, Simple IRA or retirement plan, including 401K plans, 403B plans, etc. The required minimum distribution funds from your IRA and retirement plan are tax exempt if they are applied to a qualified charity, like JAS. This avoids income taxation on the RMD portion given to JAS.These statements are suggestions and should not be construed as financial advice. Please consult your Financial Advisor, Estate Planning Attorney or Accountant to determine the best means for giving based on your financial plan.
• Charitable Lead Trust:
– Best Used: To distribute funds to JAS for a predetermined number of years. At the end of that predetermined time period, the trust terminates, and the assets are given back to the grantor or the non-charitable beneficiary.
– Tax Benefit: The income tax deduction is for payments made annually to JAS and enable generational wealth transfer.
WAYS TO GIVE IN THE FUTURE
• Bequest Through Will:
– Best Used: This is one of the simplest ways is to give from your estate. You can make a gift bequest, after others have been provided for, of a dollar amount, specific property, a percentage of the estate, or what is left to JAS.
– Tax Benefit: Reduced taxable estate and receive tax-deduction for the charitable gift.
• Gift of Life Insurance:
– Best Used: A simple way to make a significant future gift is to name JAS the beneficiary to receive all, or a portion of the proceeds of an existing life insurance policy.
– Tax Benefit: You will receive a tax deduction for the cash surrender value, thus reducing your tax liability in the year of the gift.
• In-Kind Gifts:
– Best Used: Gifts of a certain nature, like a Steinway Piano or other cash valued essential products, will be accepted by the organization with prior approval by JAS.
– Tax Benefit: These gifts will be credited toward the campaign at their full fair market value(s) as determined by appraisal or other appropriate valuation techniques.