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Impact their Lives

Leave a Legacy

Impact their Lives

Leave a Legacy

Ways to Give Smarter

Cash, check and credit card donations represent the far majority of gifts made to most non-profits across the United States. But many people do not realize that there are other ways to support causes they love and do it in a ‘smarter’, more beneficial way for themselves.

Stock or other Appreciated Securities

By donating stock or other long-term, appreciated securities, the donor can avoid long-term capital gains taxes on their appreciated asset while supporting the Club members at Boys & Girls Clubs of Central Florida.

In the PDF example provided, a donor sells $100,000 in stock, pays $14,250 in long-term capital gains taxes and donates $85,750 (the net) to Boys & Girls Clubs of Central Florida. Their tax deduction will be $27,440 if they fall in the 32% tax bracket.

If the donor donated the $100,000 in stock to Boys & Girls Clubs of Central Florida directly and did not sell the stock personally, the donor would pay $0 in long-term capital gains taxes, donate the full $100,000 to Boys & Girls Clubs of Central Florida and receive a $32,000 tax deduction! In summary, because the donor gave the stock to Boys & Girls Clubs of Central Florida directly versus selling it and donating the net proceeds, BGCCF received the full $100,000 gift, the donor paid ZERO dollars in long-term capital gains taxes (instead of $14,250), and the donor received a $32,000 tax deduction versus $27,440. Donating stock or other appreciated securities may be a ‘smart’ move for you!

IRA Charitable Rollover

If you are 70 ½ years of age and older, you can use your IRA account to contribute life-changing funds for our Club members. If you find the IRA Required Minimum Distribution (RMD) mandate a tax burden for you each year, or you regularly give cash, check or credit card to BGCCF, donating through your IRA may be a ‘smart’ move for you!

Simply, by donating funds from your IRA account to BGCCF, you will reduce your taxable income for that year. For example, if you give BGCCF a cash, check or credit card gift of $10,000 each year, you might be able to deduct this contribution on your taxes – if you can itemize your taxes. If you give BGCCF an IRA Charitable Rollover gift directly from your IRA of $10,000 instead, you will save any income taxes on the $10,000 because it will not be considered income for that year. If you fell in the 32% tax bracket, that would $3,200 you would save in income taxes for giving BGCCF the same donation amount! Giving through your IRA may be a ‘smart’ move for you!

Also, please note that your IRA Charitable Rollover gifts do count toward the Required Minimum Distribution (RMD) you must take from your IRA account starting at 72 years old. And you can give up to $100,000 a year from your IRA account.

Here are more details of how this simple process can work and save you on taxes!

  • IRA CR PDF
  • IRA Administrator 

Please note: The IRA Charitable Rollover provision does not apply to 401k, 403b and Roth IRA retirement assets. Consult your financial advisor for more information.

Donor Advised Funds

Once you have created and funded a Donor Advised Fund (DAF) through a reputable company or organization, you can designate Boys & Girls Clubs of Central Florida to receive grants any time of the year from your DAF.

A Donor Advised Fund is a ‘smart’ way to give since you have already received tax benefits from the contributions you made to your DAF. In addition, any growth that occurs in your DAF is tax-free and can be given to qualified non-profit organizations like Boys & Girls Clubs of Central Florida. For these reasons, giving through your Donor Advised Fund may be a ‘smart’ move for you!

Here are more details that might be helpful to you as you issue a DAF grant to Boys & Girls Clubs of Central Florida.

Stocks (Securities)

IRA Charitable Rollover

Donor Advised Funds

Charitable Gift Annuity

Real Estate

Bequests

Life Insurance

Retirement Funds

Gifts that Pay You Income

Good vs. Bad Assets

Request our Free Estate Planning Guide

Because our organization believes so strongly in the importance of you having a Will that honors your wishes and protect your family, we have a FREE Estate Planning Guide that we will send you. The guide is a thorough step-by-step review of things to consider when creating your estate plan. It will save you valuable time and resources by helping prepare important documents and information before meeting with your professional advisors.

Simply send your email or physical mailing address to Phillip Deal at pdeal@bgccf.org and request your copy. Phil can also be reached at 407-841-6855, ext. 103. 

Contact Us

For any questions, details and more information about Planned Giving, please contact Phillip Deal, Director of Major & Capital Gifts at pdeal@bgccf.org or 407-841-6855, ext. 103.

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