Charitable giving can be done in many thoughtful ways, and for the Columbus in Motion Campaign, gifts may be pledged, and payments spread over a period of up to 5 years. Here are a few examples of gifts that may suit your philanthropy planning:
Checks, Cash or Credit Card
These are the most common gifts made. Your gift will be deductible at its full value on your income tax return if you itemize your deductions; up to 60% of your adjusted gross income (tax deduction can be spread over multiple years and carried forward to future tax years if limitations exist; consult your tax advisor).
Publicly Traded Stocks
These are easy to give and can offer you great tax advantages. If you have held the stock for more than 1 year and it has appreciated in value, you can make a gift of publicly traded stock to the campaign and avoid paying capital gains tax on the transaction. Your broker can make the transaction electronically, upon your authorization.
Qualified Retirement Assets
Your retirement fund can be taxed at a high rate if passed on to heirs but can pass to charities without taxation. Leaving your remaining retirement assets to the campaign as part of your estate planning is a very simple gift to make. Of note, if you wish to contribute from your IRA during your lifetime and you are age 70 ½ or older, you can contribute up to $100,000 directly from your IRA and avoid paying income taxes on the distribution (again, consult your tax advisor).
To Make a Donation
Krisann (Altmann '91) Mauritz, Director of Giving and Events
mauritz.krisann@columbusdons.org
715-387-1177 ext. 3314.