By Jennifer O’Flannery Anderson, Ph.D.   |   Community Foundation of Broward President/CEO

Year-end giving is a powerful way to show your love for your community.

Many nonprofits rely on end-of-year gifts to sustain their critical work and determine what efforts to pursue next year. This is your opportunity to fuel ongoing support for people in need, the arts, student achievement, the environment, LGBTQ+ advocacy, health care and other charitable passions.

The Community Foundation of Broward champions local philanthropy by partnering with visionaries who want to be more strategic and impactful with their giving. We shepherd more than 500 charitable funds created by individuals, families and organizations to fuel their philanthropy for years to come. We help their funds grow through careful investment and our experts ensure their support is used as intended to transform lives and shape a brighter future.

Here are asset options to consider, in addition to cash, that can maximize your impact and tax benefits:

• Give stock: Appreciated stock can be donated and then sold by a charity for 100 cents on the dollar – no capital gains tax applies.
• IRA distribution: A Qualified Charitable Distribution (QCD) from your IRA is an easy way to donate to a nonprofit, potentially reducing your taxable income and satisfying a Required Minimum Distribution (RMD).
• Gift bundling: You can bundle several years’ worth of support for your favorite causes through a single gift to a donor-advised fund. You ensure future support for long-term charitable goals and get the full tax benefit this year.
• Donate real estate and other “complex gifts”: Real estate, “closely-held stock” and valuable collections can fuel your charitable support.
• Gift planning: If donating now isn’t an option, consider naming a nonprofit as one of the beneficiaries in your will.

   

Check with your professional advisor about how tax law changes affect your giving strategies, and visit cfbroward.org to learn more about local philanthropy.