Securities and Planned Giving
FIRE can accept your donations of stocks, mutual funds, bonds and CD’s. Donating appreciated stock and securities from your investment portfolio, which you have owned for more than one year gives you great tax benefits. This is a win-win for everyone.
The benefits generally include:
Before you make a gift of appreciated securities, you should consult your financial planner or tax advisor to determine how the potential tax advantages apply to your specific situation.
Donations of stocks can be held for the future security of FIRE or immediately sold, per your request.
Please also remember: The Pension Protection Act of 2006 established the “IRA charitable rollover” allowing you to donate directly from your IRA. You must be 70 1/2 years old or older. Please check with your accountant.
For your convenience we have provided a Securities Donation Form for you to complete and send to your broker and also to FIRE. This will allow us to track and appropriately acknowledge your contribution.
Account Number: Please call for this information
DTC Number: Please call for this information
Planned Giving is the best way to combine your personal financial objectives with your charitable goals. These gifts are made over time, and have several tax benefits that ensure a legacy of social change. A planned gift to FIRE helps to ensure the future of the services and programs we provide and can further your financial planning goals.
Planned gifts include contributions you make through your will, charitable trust, insurance policy, or retirement plan. Please check with an estate attorney for more information.
Include FIRE in your Will:
FIRE, as a beneficiary in their wills. The federal government encourages these gifts or bequests by allowing an unlimited estate tax charitable deduction. There are three ways to make a bequest:
• Specific Bequest – You designate a specific dollar amount, specific percentage, or specific property to FIRE.
• Residual Bequest – Your estate will pay all debts, taxes, expenses and specific bequests. The remaining amount—the residue—will be transferred to FIRE.
• Contingent Bequest – You can ask that FIRE receive all or a portion of your estate only under certain circumstances. For example, you can designate FIRE as a beneficiary of your estate only if there are no surviving close family members. Childless couples can provide for the entire estate to go to the surviving spouse, or if the spouse does not survive, to FIRE.
Other ways to give:
• Retirement Plan - by naming FIRE as beneficiary of all, or a portion of, your retirement account assets such as your IRA, 401(k), 403(b), or other qualified plan.
• Insurance Policy – by naming FIRE as first, second, or as contingent beneficiary of a life insurance policy.
•Annuity - To establish a gift annuity, a donor contributes funds or assets to a nonprofit organization and, in return, receives a promise of income for life. This income amount depends on the donor’s age and the annuity type. Amounts also vary as interestrates move up and down. With gift annuities, donors receive a
charitable deduction and lifetime income while providing major gifts to the nonprofit.
If you have named FIRE as a beneficiary of your will, living trust, life insurance, retirement plan or other estate plan, we hope that you will let us know. By doing this, you will help us plan for the future and ensure that your wishes are carried out after your lifetime. We appreciate your support for FIRE. If you have remembered FIRE in your estate plans or would like more information about how to leave a legacy to FIRE please contact us.