Outright Gifts
When it comes to contributing to the Foundation, the simplest method is an outright gift. Gifts should be made to the St. Mark's Church Foundation. Donors of all ages and estate sizes can take advantage of this option.
- Cash or Check: By making a cash contribution, you may qualify for an income tax deduction. Remember, itemizing deductions is key to accessing charitable income tax deductions.
- Stock or securities: Donating stocks or publicly traded securities are easy to give and offer great tax advantages.
- Retirement plan or IRA assets: Discover the benefits of donating stocks or funds from your IRA. Even with changes in required minimum distribution (RMD) age, you can still make Qualified Charitable Distributions (QCDs) from your IRA at age 70½. This allows you to make a significant gift of up to $100,000 annually while potentially avoiding taxes.
- Real Estate and More: Consider the impact of donating real estate, stocks, bonds, or mutual funds. These gifts not only align with your philanthropic goals but can also offer tax advantages and conserving cash for other needs.
For additional information on these types of gifts, please see the links below:
