2020 is almost over and we would love to be considered in your end-of-year giving plans.
Here are two easy ways to support CASA!
It’s easy to support CASA with a gift from your IRA!
Did you know….
1) If you are between 59-1/2 and 70-1/2, you can make a charitable gift from your IRA without penalty. Cash gifts made direct to CASA of Central Texas are eligible for a charitable income tax deduction and may offset the income tax triggered by the distribution.
2) If you are 70-1/2 or older, you can transfer up to $100,000 directly from your IRA to a qualified charitable organization, like CASA of Central Texas! Although the CARES Act waived the required minimum distribution (RMD) requirement for 2020, you can still make a gift. A direct transfer generates neither taxable income nor a tax deduction, so you can benefit even if you do not itemize your tax deductions.
3) You can designate CASA of Central Texas as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime.
Next Steps
1. Seek the advice of your financial or legal advisor.
2. Ask your IRA administrator about making a direct transfer - known as a qualified charitable deduction, or QCD - to CASA of Central Texas before December 31, 2020. (The donation must go directly from your account to CASA, without passing through your hands.)
Legal name: CASA of Central Texas, Inc.
Address:1619 E. Common, Suite 301, New Braunfels, TX 78130
Federal tax ID number: 74-2403373
A Gift of Stock Can also change a Child's Story!
Did you know...
1) that a charitable gift of stock or mutual fund share is a great way to improve the lives of children in foster care?
2) you will receive a charitable deduction for the value of the donated shares and will not have to pay any capital gains tax on the increased value of the donated shares? Just follow these simple steps:
Step 1: Initiate Transfer
You may gift the securities by using the DTC (Depository Trust Company) number, or mail the paper certificates to Edward Jones in Step 3. Either method is acceptable, but it is necessary to contact your broker to initiate the process.
Step 2: Notification of Donor Intent
In order for CASA of Central Texas to properly acknowledge a gift of stock, it is important that we are notified in advance by the donor or transferring broker of the following:
· Donor’s name and complete address
· Name and number of securities transferred
· Date of transfer
· Restriction on gift (if any)
Step 3: Stock Transfer Instructions (Select one delivery option.)
DTC Eligible Securities Physical Certificates Paperwork
DTC# 0057 – Edward Jones
FBO: CASA of Central Texas, Inc. FBO: CASA of Central Texas, Inc.
Jones Account #704-19996 Jones Account #704-19996
Wiring Instructions: Regular Mail:
Treasuries and GNMA Securities Edward Jones
ABA #021000018 BK of NYC/EDJ Attn: Security Processing
Special instructions: P.. O. Box 66906
FBO: CASA of Central Texas, Inc. St. Louis, MO 63166-6906
Jones Account #704-19996
Overnight Delivery: Edward Jones, Attn: Security Processing
201 Progress Parkway, 2nd Floor
Maryland Heights, MO 63043
For more ways to include CASA in your financial planning, click
here.
Information contained herein was accurate at the time of posting. This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.
