Expand Your Giving Through Tax-Advantaged Options
Did you know that about 90% of individuals’ wealth in the U.S. is not held in their checking or savings accounts?
You can support the work of The Lighthouse through a wide range of tax-advantaged gift types, including the options listed below!
- Corporate Giving: Did you know thousands of companies of all sizes match employee contributions to charities? Your company may be one of them, and you could double or even triple the
impact of your donation without giving an extra dime. Check with your employer today!
- Use Your IRA to Give: If you are 70.5 years old or older, you can take advantage of a simple way to benefit The Lighthouse and receive tax benefits in return. You can simply give any amount up to $100,000 per year from your IRA directly to The Lighthouse without having to pay income taxes on the money. This popular gift option is known as a qualified charitable distribution (QCD) and is commonly called the IRA charitable rollover.
- Giving Non-Cash Assets: Minimize taxes and maximize impact! The Lighthouse is now equipped to handle donations of non-cash assets such as publicly traded securities and restricted stock. Contributions of appreciated non-cash assets held more than one-year can be an important part of your charitable giving and wealth management plan, unlocking additional funds for charity in three ways:
- Potentially eliminate the capital gains tax you would incur if you sold the assets yourself and donated the proceeds, which may increase the amount available for charity by up to 20%.
- Claim a fair market value charitable deduction, if you itemize, and pass on the savings in the form of more giving.
- Give unconventional items such as cars and property.
- Legacy Giving—Transforming Lives Even After Your Lifetime:
– Beneficiary Designations
– Gifts In Your Will
– Stocks
– Charitable Gift Annuities
For more information or to schedule an appointment to discuss your charitable giving opportunities please contact Patrick O’Connell or fill out the form below and someone from our team will reach out to you soon.
Patrick J. O’Connell
Wealth Advisors Group
12726 Coldwater Rd.
Fort Wayne, IN 46845
Office: (260) 619-3100
Cell: (260) 409-3846
Email: patrick0@wealthag.com
www.wealthag.com