Many people think of a planned gift as something that is only given through a will or an estate plan, but there are several types of planned gifts that allow donors to see their impact immediately. Second Chance Pet Adoptions calls this “planned giving while living.”
Gifts of Stock, Bonds, and Mutual Funds
Donating appreciated stocks, bonds, or mutual funds to Second Chance Pet Adoptions is quick and easy; it can also reduce the amount of capital gains tax you may be paying, so please consult with your broker on making this gift in the appropriate way. We work closely with our investment banker at Fidelity to receive and sell your transferred securities, and then we put the proceeds of the sale to work saving animals.
So that we may issue a letter to you that serves as a receipt for your tax-deductible gift, please contact our Director of Development and Communications, Mia Xavier. You will receive gift credit for the fair market value of the securities on the date of transfer, even if it’s more than you originally paid!
Conducting a DTC Transfer of Common Stock
To gift shares of stock currently held in a brokerage account, please contact Mia Xavier (or ask your broker to) for delivery instructions/to receive our Fidelity account number.
Fidelity DTC Number: 0226
IRA Distribution (Qualified Charitable Distribution)
At the end and beginning of the calendar year, some of our donors age 70 and older ask us if they can make a qualified charitable distribution (QCD) from their individual retirement account (IRA).
While a QCD is not a tax-deductible donation, it is a distribution that counts towards satisfying your required minimum distribution, so long as certain rules are met. A QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA. When you keep your taxable income lower, this may reduce the impact on certain tax credits and deductions, including Social Security and Medicare. For a QCD to count towards this year’s required minimum distribution, the funds must come out of your IRA by the deadline, which is generally December 31.
Donor-Advised Funds (DAFs)
Donor-Advised Funds (DAFs) are becoming an increasingly popular way to provide financial support for the causes about which donors are most passionate. Through a DAF, donors make contributions (cash, stock, real estate, or other assets) to the fund, receive an immediate tax credit, and then dispense funding to nonprofit organizations over time. You can use your name or remain anonymous, you can make as many or as few contributions to the fund as you’d like, and you can have the assets in the fund invested for growth, while avoiding taxes on that growth.
YOU hold their futures in your hands! Thank you for ensuring
they receive the second chances they need and deserve!
None of the above should be construed as legal advice. Please contact your attorney, accountant, and/or financial adviser to help you decide what is best for your personal situation.
