Gifts of Stocks & IRAs

 
 
 

Stock gifts

A donation of stock can be a beneficial way to give. A charitable gift of stock held for more than 12 months offers a two-fold potential tax savings:

  • Avoid paying capital-gains tax on the increase in value of your stock, and

  • Receive a tax deduction for the full fair market value of the stock on the date of the gift

Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent giving option for stocks that have appreciated substantially in value.

In addition to the attractive tax benefits of a gift of stock or mutual fund shares, you will have the satisfaction of knowing that you are helping families achieve the dream of homeownership.

Please consult with your financial advisor to see if a gift of stock is appropriate for you.

 
 

Direct gifts from an IRA

If you are at least 70½ years old, you can make a gift of up to $100,000 each year to Mecosta County Habitat for Humanity directly from your IRA. Qualified charitable distributions may be able to reduce your taxes while fulfilling your required minimum distribution.

This charitable transfer excludes the gift from your gross income for Federal Income Tax purposes and can be especially attractive for donors who do not itemize or would like to keep reportable income down to avoid having social security and other income taxed at a higher rate.

WHO MIGHT BENEFIT?

  • Persons who do not require the income in an IRA

  • Persons whose charitable contributions are reduced by the percentage of income limitation

  • Persons having so few deductions that they choose not to itemize

IT'S EASY TO GET STARTED

Contact your IRA plan administrator to make a gift. Your funds will be directly transferred to Mecosta County Habitat for Humanity to create more homeownership opportunities for local families.

DONOR ADVISED FUNDS

A donor advised fund may be a more beneficial choice for your Habitat giving. These funds allow you to take an immediate tax deduction, and then make your gift to Habitat all at once or over time. Talk to your financial advisor today.