Stocks, IRA, DAF Gifts
Gifts of Stock
When you donate appreciated stock or other securities, such as bonds or mutual funds, you support our mission and you may realize significant tax benefits, such as avoiding paying capital gains taxes. For information specific to you, please consult with your personal tax professional. Stock donations intended for Athens Conservancy are handled through Envisage Wealth and the Foundation for Appalachian Ohio. We can provide you with specific instructions and contact information to make the transfer. Contact Victoria at victoria@athensconservancy.org
Donor-Advised Funds
You may give to Athens Conservancy during your lifetime from an established donor-advised fund and/or designate Athens Conservancy as a future beneficiary of your fund. A donor-advised fund, or DAF, is a charitable-giving account that allows donors to make charitable contributions, receive tax deductions, and recommend grants from the fund over time. Consult with your financial advisor to set up a DAF.
Giving from an IRA: Consider a QCD
Making a gift from your IRA can have tax advantages. A Qualified Charitable Distribution (QCD) is a gifting strategy available if you are at least age 70 1/2. By making a QCD from your IRA you can satisfy your required minimum distribution without paying taxes on the gift, and you can give any amount, up to $108,000 per individual per year, to a qualified charity like Athens Conservancy.
Transfers from an IRA may be made directly from your IRA administrator to Athens Conservancy. For specifics, please consult with your personal financial advisor or tax professional. For a sample letter requesting a QCD from your IRA, see below:
Sample Request for Direct Qualified Charitable Distribution from your IRA
Dear (insert name of your IRA administrator)
Please accept this letter as my request to make a direct Qualified Charitable Distribution from my Individual Retirement Account (IRA) # (insert your IRA account number) as authorized under section 408(d)(8) of the Internal Revenue Code.
Please issue a check in the amount of $ (insert dollar amount), payable to The Athens Conservancy, and send the check to the following address:
The Athens Conservancy
PO Box 2281
Athens, OH 45701
The Athens Conservancy’s federal tax identification number is 32-0035073.
In your transmittal to The Athens Conservancy, please indicate my name and address as the donor of record in connection with the transfer, and copy me on the transmittal at (enter your address).
It is my intention that the gift complies with the IRC code, and it is also my intention that this transfer qualifies during the (insert year) tax year. It is important that this distribution be postmarked no later than December 31, (insert year).
If you have questions, please call me at (insert your phone number).
Thank you!
(Insert your name, and date)