Smart ways to give to DAV
Do you know about these smart ways to support DAV without writing a check? Would you like to reduce your tax bill and help veterans at the same time? Many individuals often overlook these ways to save their checking account and make their donations stretch further.
Giving appreciated stock
Why pay capital gains taxes on selling stock, leaving you just a portion of its value to spend?
- For outright stock gifts, transferred directly to DAV, all of the capital gains taxes are eliminated. Those who itemize can also claim the stock’s full value as a charitable deduction. In turn, DAV pays no taxes to sell it, and our programs then benefit from its full value.
- Please contact us for stock transfer instructions, or get started using this link: freewill.com/stocks/dav.
- Stocks can also fund a life income gift, such as a charitable gift annuity. Please contact us for an illustration of the benefits you could receive and for special transfer instructions.
IRA rollover gifts
Thanks to legislation enacted in 2015, you may be able to transfer a charitable distribution from your individual retirement account (IRA) to charity. Now that so few Americans can itemize to claim charitable gifts, this is one of your few opportunities to give and still save on taxes.
- You must be 70 1/2 years or older.
- Your gift counts toward your required minimum distribution but is not included in your taxable income.
- Your IRA administrator must make the distribution directly to the charity, or if you have an IRA checkbook, you may write a check to the DAV Chartable Service Trust.
- For more instructions, and to ensure we receive your full name and address for an IRA gift coming from your fiduciary, please contact us or get started using this link: freewill.com/qcd/dav.
- You can also name IRA funds to DAV through a simple change of beneficiary form. IRA funds left to nonspouse heirs are heavily taxed.
Real estate gifts: New giving opportunity
- Visit dav.org/real-estate-donation to initiate a real estate gift, such as a second home, or contact us to learn more. You can also leave real estate to DAV through your estate plan.