IRA Charitable Gift
If you have a traditional IRA, did you know that once you are 72 or older you are required to make a minimum distribution from your IRA every year? That triggers taxes.You can contribute directly from your traditional IRA to a qualified charity like the DLC, up to $100,000, without it being considered a taxable distribution.
This is a great way to make a difference. For more information, please contact your financial advisor.
A Gift of Stock
A gift of stock is a great way to help avoid capital gains taxes, receive an income tax deduction, and support conservation.Transferring stock to the DLC is easy to do. It’s also a great way to maximize your Federal and State income tax deductions to the fullest extent permitted by law.
The value of your donation is based upon the current market value of the stock at the time you donate it.
Please remember that it may take several days for your broker to complete a transfer of stock at year-end, so please plan accordingly if the timing of your gift is important to you. Please have your broker contact us directly for transfer instructions.
Prior to transferring shares, or if you have any questions, please notify Karen Karis by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling 845-677-3002 with the following information:
Donor Name
Name of Stock
Number of Shares being Donated
This is important since your broker may not include your name in the transfer and we want to ensure we attribute your gift correctly and thank you properly!
Donor Advised Funds
A Donor Advised Fund (DAF) is a charitable giving program that allows you to combine the most favorable tax benefits with the flexibility to support your favorite causes. You can establish a DAF through your local community foundation or other financial service institutions. A DAF allows you to pool your money in one place and decide where to donate it later. If you have a DAF, you can make gifts to the DLC by recommending one through the DAF’s sponsoring organization.By establishing a DAF, donors can make a charitable contribution, receive an immediate tax benefit, and recommend grants from the fund over time.
Employer Matches
Matching gifts increase the impact of your donation!Corporate matching gifts provide a way for you to increase the impact of your donation. By taking advantage of a company’s matching gift benefit, it is possible to double or even triple your contribution. Many companies match their employees’, board members’, spouses, or retirees’ charitable contributions. Check with your human resources department to find out if your company will match your gift.
