Apr. 09, 2018

How To Maximize Your Charitable Contributions Under the New Tax Law

You may be wondering how recent changes in tax law will affect your charitable giving in 2018. Here are some of the best ways that you can make a gift to the Lupus Foundation of America in the coming year while receiving financial benefits for yourself:

Donate appreciated stock

With the stock market near an all-time high, now is a great time to make a gift of appreciated stocks to the Lupus Foundation of America. You will not only help support people living with lupus, but you can avoid capital gains taxes, brokerage fees, or sales commissions.

To make a gift of securities, notify your broker in writing and provide them with the following information:

DTC #: 0793
Lupus Account #: 4038-7296

Our broker:

Stifel Nicolaus & Co.
Account Executive: Karin Mottus
Sr. Branch Operations Manager: Vicky Wilhelm
One South Street, 30th Floor
Baltimore, MD 21202
Phone: 410-659-2394

You can also call the Lupus Foundation of America at 202-349-1153 for instructions on how to complete the transfer.

Set up a donor advised fund

A donor-advised fund is an easy way to make charitable donations and receive immediate tax benefits. Here’s how:

  1. You can set up a donor advised fund in a variety of ways including through brokerage firms, mutual fund companies and community foundations. The amount needed to open the fund will vary by provider but usually starts at $5,000 Consult with your financial advisor or tax expert.
  2. Your money is invested in either mutual funds or investment pools so you continue to earn. You can write off the amount you contribute to the fund as a charitable contribution for the year when you create your fund.
  3. Make donations to your favorite non-profits while your money is invested

Make an IRA distribution

If you are 70½ or older, you can give a give a gift to the Lupus Foundation of America as a way to fulfill your required minimum distribution (RMD). The benefit to you is that even if you do not itemize your taxes, the gift distribution will not be considered taxable income. 

Choose the Lupus Foundation of America as a  beneficiary of your retirement plan

Any 401(k), 403(b), Keogh or profit-sharing pension is eligible. When completing or amending your enrollment, simply name Lupus Foundation of America as the beneficiary.  Keep in mind that when distributed to a non-profit, these assets are tax-free, but when given to a loved one, they are taxable.

Talk With Your Tax Professional

Please consult with your tax or financial advisors to determine the best charitable giving strategies for you.

We’re Here to Help

We are so grateful for your generosity. Please contact Shane Yost at .(JavaScript must be enabled to view this email address) or (202) 349-1153 to discuss how your gift can help further our mission.