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While cash donations are always appreciated, we would like to share with you several alternative giving options that can provide you with additional tax benefits and allow your generosity to go even further.
Giving Stocks or Appreciated Assets: Donating stocks, bonds, or mutual funds that have appreciated over time can be a highly effective giving strategy. Not only will you receive a tax deduction for the full fair market value of the securities, but you will also avoid capital gains tax that would otherwise be due if you sold these assets.
Qualified Charitable Distributions (QCDs): If you are 70½ years or older, you can transfer up to $100,000 per year directly from your Individual Retirement Account (IRA) to a qualified charity like Afrika Tikkun USA. These distributions are not subject to income tax and count towards your required minimum distributions.
Grants from Donor Advised Funds (DAFs): A DAF is a philanthropic vehicle that allows you to contribute cash, stocks, or other assets to a charitable organization and receive an immediate tax deduction. You can then recommend grants from your DAF to Afrika Tikkun USA over time.
Each of these options presents a unique set of benefits beyond the traditional cash donation. They not only provide you with potential tax advantages, but also allow us to allocate more resources towards our mission of transforming communities in South Africa.
We recommend that you consult your financial advisor or tax professional to understand how these giving options best suit your financial situation.
Please feel free to reach out if you have any questions or would like further information on these giving options.
Email: debbieb@afrikatikkun.org.
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