IRA Rollover or Stock Gifts
Charitable IRA Rollovers
If you are 70 ½ or older, you can contribute up to $100,000 tax-free from a traditional IRA to High Hopes without being subject to federal income taxes on the distribution. The gift must be made directly from the custodian of your IRA to High Hopes. Your rollover gift will be excluded from your gross income, and it counts toward your required minimum distribution (RMD). For this year only, you may also be able to take advantage of special rules regarding Qualified Charitable Distributions as discussed here.
Gifts of Appreciated Stock
When you make a gift of appreciated stock your gift amount is the current market value of that stock (as determined by IRS rules), and you avoid capital gains tax when the stock is transferred directly to High Hopes.
For more information about these plans, and the other ways of supporting High Hopes, please contact Kitty Stalsburg, at email@example.com or by calling 860-434-1974.