Dear Supporter, The end of the calendar year is here! Your year-end charitable giving decisions are important. Tax Incentives for 2022 Only - Cash gifts for itemizers: you can deduct up to 100% of Adjusted Gross Income (AGI).
• Consider accelerating planned 2023 cash gifts into 2022 to take full advantage.
Make a gift online now
Other Reminders Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA) - If you are age 70½ or older, a QCD allows you to contribute up to $100,000 from your IRA directly to AICR and pay no federal income tax on the withdrawal.
Learn More about IRAs and QCDs
Gifts of Appreciated Securities - By giving appreciated securities you have owned for more than a year, you enhance your tax benefits.
- You receive a tax deduction for the value at the time of your gift and you avoid the capital gains tax that you would have owed if you sold the stock.
- Please be sure to contact your investment advisor now because most firms have strict rules regarding the time you must contact them to make year-end security gifts. Year-end is also a time when investment advisors make portfolio changes to rebalance for diversification purposes making this a perfect time to identify appreciated assets for gifting.
Learn More about Appreciated Securities
Donor Advised Fund Distributions Charitable Gift Annuities—a great strategy for 2022! - You make a gift to AICR and AICR pays you guaranteed income for life, regardless of market volatility.
- Your annuity rate is based upon your age, the date of your gift, and when your annuity payments begin.
- If you use cash to create your gift annuity in 2022, you can deduct up to 100% of AGI. Recent changes in annuity rates allow for a larger tax deduction than in some prior years.
- A gift annuity established using cash pays a significant amount of tax-free income.
- If you are age 50 or older, please ask us for a personalized illustration so we can show you how a gift to AICR can give you guaranteed income for life.
Learn More about Gift Annuities
Please do not hesitate to contact our Office of Gift Planning to discuss year-end strategies you would like to consider at 800-843-8114. |
|
