Tax Deductible Donation

Year-End Charitable Giving

Consider the Possibilities - A year-end gift now can provide you with a feeling of personal satisfaction and demonstrate your belief in the mission of Children's Beach House. It may also result in a more tangible return—in the form of desirable tax benefits. Charitable contribution deductions on your current income tax return and capital gains tax savings are two possible benefits. Future estate tax savings may also result from your gift. There are many questions on charitable giving for you to consider before this year draws to a close. They are: When should you give? What should you give?

Company Match - One of the smartest ways to give is through a matching gift program. Many generous companies in the area support us by matching their employees’ donations to the Children's Beach House. Check with your employer to see if they offer matching funds for charitable donations. Please contact us if you or your company need any further information regarding a "company match" donation.

Gifts of Securities - Another possibility is a gift of Stock or mutual fund investments that have grown in value, and you have held for more than one year. This can become a substantial gift, made at a low net cost to you. You still receive a charitable deduction for the donation of these assets, and it’s based on their fair market value on the date of the gift. But there’s a bonus—you avoid all federal capital gains tax that would otherwise be due on a sale of the assets.

For those over age 70 1/2 with Required Minimum Distributions (RMDs) from IRA accounts - Rather than paying tax on your mandatory withdrawals from your IRA account, through 12/31/13 you may gift funds directly from your IRA into a qualified 501(c) (3) charitable organization like Children's Beach House and by doing so incur no tax liability.

Contact us for help with Gifts of Securities or RMD's from IRAs

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