Smart Giving Options: Donating Securities and Other Tax Deferred Investments
Every donation creates a ripple effect of hope in our community. Your generosity can often go further with creative, non-cash giving solutions.
Smart Giving Options: Donating Securities and Other Tax Deferred Investments
Every donation creates a ripple effect of hope in our community. Your generosity can often go further with creative, non-cash giving solutions.
Gift of Securities: Stocks, Bonds, or Mutual Funds
Donating appreciated stocks or other securities can be a smart way to give. This giving strategy may allow you to avoid capital gains taxes and receive a charitable deduction for the full fair market value of the asset.
*Consult a tax professional or financial advisor to determine the best giving strategy for you.
To make an electronic transfer via your broker or bank, follow these steps:
Inform your broker and North Fulton Community Charities that you want to make a transfer of stocks or other securities.
You, your broker, or banker should email John Doolen ([email protected]) or call 678-830-2235 to inform NFCC of your impending transfer. Include your name, address, number of shares, name of the securities (company name or stock symbol), and the name of your financial institution.
F/B/O NFS Account Number: 0BX283315 (Please use the number 0, not the letter O.) DTC Number: 0226 Account name: North Fulton Community Charities NFCC’s Tax Identification Number: 58-1521088
Please contact John Doolen at 678-830-2235 with questions.
IRA Disbursements
If you are 70½ or older: You may transfer donations of up to $100,000 from your individual retirement account (IRA) per year, tax free.
Instead of depositing the required minimum distribution (RMD) into your bank account for direct donation, qualified charitable distributions sent to North Fulton Community Charities will count toward your RMD and won’t be included in your adjusted gross income.
Please contact John Doolen at 678-830-2235 for more information.
Donor Advised Fund
Donor Advised Funds are a simple, flexible, and tax-efficient way to support NFCC’s mission. If you have a DAF, you can recommend a grant to NFCC directly from your fund.
Please consider recommending North Fulton Community Charities as an organization to support through your donor advised fund.
Did you know:
200+ families receive food each day and close to 23,000 food orders are filled each year.
