Give and Gain: Smart Giving Strategies that Benefit You and Our Community

Most people give because they care about making a difference. What many donors don't realize is that with a little planning, they may be able to increase their charitable impact while reducing taxes at the same time.

One of the most effective strategies is donating appreciated stocks, mutual funds, or other investments that have increased in value. By giving these assets directly to a qualified nonprofit, donors may avoid capital gains taxes while also receiving a charitable deduction for the full fair market value of the asset.

For those age 70½ or older, a Qualified Charitable Distribution (QCD) from an IRA can be an excellent option. A QCD allows donors to transfer funds directly from their IRA to a qualified nonprofit organization. The distribution is excluded from taxable income, which can provide benefits even for those who do not itemize deductions.

Many donors also choose to include charitable gifts as part of their estate planning through beneficiary designations, wills, or trusts. These gifts can help support causes they care about while potentially reducing estate taxes and simplifying the transfer of assets.

Thoughtful charitable planning allows more of your resources to go where they can do the most good rather than being lost to unnecessary taxes. As always, you should consult your tax advisor, financial planner, or attorney regarding your specific situation.

If you would like to learn more about tax-efficient giving opportunities that support Samaritan Community Center, please contact Debbie Rambo at 479.636.4198 or email drambo@samcc.org to schedule a confidential conversation.