Tax Efficient Giving Vehicles
Debby Fulton, Director of Development and Communications
December is often a time of the year that many people make their year-end giving decisions. If that someone is you, why not consider a gift through
. If your stocks are worth more today than when you bought them, consider donating the stock directly to the NACCC or Congregational Foundation and avoid long-term capital gains tax.
Are you 70½ years of age or older, and own an IRA? If so, consider a donation to your favorite charity through an
IRA Charitable Rollover
This vehicle allows you to direct gifts from your IRA account to a charity without paying federal income tax on the withdrawal. Distributions made under this law can be used to satisfy your Required Minimum Distribution (RMD). The rollover allows for a charitable gift to fulfill the RMD without adding to tax liability.
Let me know how we can help. Merry Christmas!