Securities & Planned Gifts
For more information or questions on making your philanthropic investment, please contact Rebecca A. Rhule, CFRE, Senior Director of Advancement, at 214.871.5065.
Stocks & Bonds
Save on capital gains tax for assets held longer than one year by making a gift of securities. Stocks and bonds can be transferred directly to Community Council’s broker. Upon completion of the transfer, you will be sent a receipt crediting your donation as allowed by law.
Do you have a traditional or ROTH IRA? Are you at least 70½? If so, you have a unique opportunity to contribute up to $100,000 from your IRA account without incurring ordinary income taxes…as long as you do it by December 31.
Donors who are over 70½, do not itemize deductions, and required to make an annual distribution from your IRA can transfer money directly from their IRA account to a charity and achieve the same results as if their gift were fully deductible. Plus, if donors are receiving Social Security benefits, gifts from their IRA account will not increase their adjusted gross income. Funds must be received by December 31. Check with your financial advisor or the IRS for full information.
Planned giving is an estate-planning tool allowing you to combine your desire to give to a charity with your overall financial, tax, and estate planning goals. Planned giving extends your support to Community Council beyond your lifetime. Types of giving options include bequests, charitable trusts, gift annuities, wealth replacement trusts. If you have included Community Council in your planned giving, please let us know so we can acknowledge your legacy gift.