Year End Charitable Giving
Time is running out to make a 2015 donation. There are benefits to donating funds to non-profit organizations and listed below are a few options to consider.
If you are 70 ½ or older, consider making a donation to assist our mission to end homelessness by using all or part of your required minimum distribution from your IRA (up to $100,000 a year)…which is excluded from taxable income.
These distributions can be a convenient way to transform lives and get a tax break while meeting tax requirements for IRAs.
“It’s a win-win – for people who would rather give to charity than pay taxes and for the not-for-profit organizations they choose to support,” said Dave McGowan, president of the DuPage Foundation. Read more information about the special tax bill here through DuPage Foundation’s media release.
- Gifts of Appreciated Securities –
Shares of stock or mutual funds can be gifted to DuPagePads and sold without incurring taxes.
Learn more about planned giving options here.
Contact your financial advisor for more information.
Highly Rated Agency
DuPagePads has received the coveted 4-Star Rating from Charity Navigator for the 2nd year in a row for fiscal management and transparency. Only 20% of charities rated have at least two consecutive 4-Star evaluations demonstrating that DuPagePads outperforms most other charities in America.