Three Smart Ways to Give

As a Project Angel Heart supporter, you may be thinking about how to make the most of your charitable gifts in light of recent tax law changes. Here are three ways to give that may allow you to have a greater impact while providing you with tax advantages:

1. Make an IRA rollover gift (age 70 ½ and older)

Making a gift from your IRA helps fulfill your required minimum distribution and is not considered taxable income. Individuals can gift up to $100,000 each year. Simply ask your IRA administrator to make a direct, tax- free transfer to Project Angel Heart.

“I try to give all I can both financially and as a volunteer to make sure that this gift of life to so many continues far into the future. The tax-free transfer of funds from my IRA to Project Angel Heart was very easy and worthwhile. My financial institution did all of the required accounting, notification, and transfer.”
– Jim Hill, donor

2. Donate long-term appreciated assets like stocks or mutual funds

Donate an appreciated security you’ve owned for more than a year, and you may be able to receive a charitable deduction while avoiding capital gains taxes. The transfer must be made directly to Project Angel Heart. Please notify us of the gift so we can provide a receipt.

“Because of my husband’s cancer diagnosis, I know the need and impact of Project Angel Heart’s services—allowing people to have a higher quality of life—and I want to support that. My financial planner brought this tax-saving opportunity to make a gift of stock to my attention. It was a very easy process and enabled me to give a larger gift than I would have if I were contributing cash. This was such a smart way to make a very meaningful gift to Project Angel Heart.”
– Nancy Grandys-Jones, donor

3. Name Project Angel Heart as a retirement plan beneficiary

Make Project Angel Heart a beneficiary of your retirement plan, and neither your estate nor loved ones will be taxed when those assets are distributed to Project Angel Heart. This is a tax-smart way to have a positive impact after your lifetime. Please notify us of your planned gift so we can include you in our Legacy Circle.

For more information, including transfer instructions, contact Jennifer Lackey, Vice President of Development, at 303.407.9418 or jlackey@projectangelheart.org.

This information is general and should not be considered as legal, accounting, or tax advice. Every taxpayer’s situation is different. Please consult your tax advisor or financial planner about your particular situation.

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