Gifts That Reduce Your Taxes
You can empower individuals and their families when you partner with Unbound. What’s more, you can leave generous gifts now and you may receive tax benefits to enjoy for yourself and your loved ones.
Qualified charitable distribution from your ira
Here’s how it works:
- You must be 70½ or older.
- An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
- An individual may take a one-time QCD up to $50,000 to fund a charitable gift annuity (CGA) or charitable remainder trust (CRT).
- Your gift must be transferred directly from the IRA account to Unbound.
- Your gift is a transfer of funds from your IRA to Unbound, so it does not create taxable income for you and is not considered a charitable tax deduction.
- The transfer of funds counts toward your annual Required Minimum Distribution* from your IRA.
If you would like to use this popular way to support Unbound, download a sample letter for your IRA administrator here. Be sure to request that your name and member ID number is included on the check from your financial institution.
grant request from your donor advised fund
Donor Advised Funds (DAFs) are one of the most convenient ways to support a cause you care about with the flexibility you desire. Not only are you able to see your gift in action, now you may enjoy tax benefits from strategically using your fund to itemize and claim your charitable deduction.
To learn more, request our FREE planning resources.
You can initiate a grant recommendation from your DAF now by clicking the “Give now from a Donor Advised Fund” link. Simply start typing in your fund provider name and the system will prompt you through the process.
Life Insurance Policy Gift
Do you have a life insurance policy that has outlasted its original purpose? You can use it (or a percentage of it) to reduce your taxes.
- Potentially reduce your income taxes;
- Possibly receive additional tax deductions if you make annual gifts so Unbound can continue to pay the premiums;
- See firsthand how your gift supports our work if Unbound cashes in the policy;
- This gift becomes part of your lasting legacy as someone who walks with the poor and marginalized of the world.
If Unbound retains the policy to maturity, or you name it as a beneficiary, once the policy matures the proceeds of your policy will be paid to Unbound.
Gifts of Real Estate
Consider donating real estate such as a home, vacation property, undeveloped land, farmland, ranch or commercial property that you’ve owned for at least a year.
You can leave property in your will or transfer it to Unbound during your lifetime. You can even arrange to give Unbound your home now while continuing to live in it for your lifetime, whichever way you choose, you will receive a tax deduction for your gift.
- Receive a charitable tax deduction for the full market value of the property;
- Potentially reduce your taxes;
- Live in your home or use your properties for the rest of your life knowing that they will benefit others after your lifetime.
Gifts of Securities
You can use stocks, bonds and mutual funds that have grown in value to make a lasting impact.
- You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law);
- You might eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem;
- You could possibly avoid paying the capital gains tax on any increase in the value of the stock you give.