Year-end giving promotion
Did you know that donating appreciated stocks can be a tax-smart way to give? Encourage your donors and volunteers to gift stocks! In doing so, they can avoid capital gains taxes on the appreciation and receive a charitable deduction for the full market value of the stock. This means they can maximize their impact while minimizing their tax liability at year-end. A stock gift can support vital programs and initiatives, creating lasting change in our community. Learn more. If your organization doesn’t yet have an established fund at the foundation to accept stock gifts, please reach out!
Gifts from an IRA:
Encourage donors who are 70.5 years or older and have an Individual Retirement Account (IRA) to make a Qualified Charitable Distribution (QCD). QCDs allow a donor to donate directly from their IRA toothier favorite charity, satisfying their required minimum distribution while reducing taxable income. This tax-smart strategy empowers donors you to support the causes they care about most while enjoying potential tax advantages. It's a meaningful way to make a difference while optimizing retirement savings. Learn more. If your organization doesn’t yet have an established fund at the foundation to accept IRA gifts, please reach out!
Create a will for FREE:
Kitsap Community Foundation recently entered into a partnership with FreeWill.com which allows anyone to create a legal will for FREE. Encourage your donors and volunteers to take advantage of this opportunity and encourage them to name your nonprofit as a charitable beneficiary. The process takes just a few minutes and ensures that family – and favorite causes – will be supported as the donor desires. Learn more.