Tax-Deductibility for Non-Itemizers:

Beginning in 2026, individuals who don’t itemize deductions will be able to deduct up to $1000 in charitable contributions, or $2000 for married couples who file jointly, providing immediate tax savings for donors.

Gifts of Publicly-Traded Securities:

These gifts, open to donors at any age, provide crucial support to SfAA while potentially saving on your income tax and capital gains tax. This kind of gift could be right for you if:

  • You own publicly-traded securities that you have owned for at least one year.
  • Some of these securities have increased in value since you bought them.
  • These securities provide you with little or no income.

You may transfer shares of one or more publicly traded securities, such as stock, bonds, and mutual funds, to the SfAA. The SfAA will sell these and use the proceeds to advance its mission. Contact the office so we can assist with the transfer.

Benefits:

  • You receive gift credit and an income tax deduction for the fair market value of the securities on the transfer date.
  • You pay no capital gains tax on the securities you donate.
  • You can direct your gift to a specific fund or purpose.

QCDs: A Special Opportunity for Those Over 70½:

Qualified Charitable Distributions (or QCDs) from a traditional IRA allow you to provide support for SfAA without having to pay taxes on the money. This gift option is also commonly called the IRA charitable rollover.

Benefits:

  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower Medicare premiums and decrease the amount of Social Security that is subject to tax.

Legacy Gifts:

A gift to SfAA in your will costs you nothing now but provides important support for future generations. Your bequest gift may be a specific dollar amount, a percentage of your estate, or the remainder after all other provisions are specified.

Benefits:

  • Easy to arrange; suggested language is provided below. (Please note: Our federal tax ID number is: 15-0588968)
  • Will not alter your current lifestyle in any way.
  • Can be easily modified to address your changing needs.
  • Ensures continued support for a cause that is important to you.

Residual Gifts: SfAA receives a residual bequest after your estate expenses and specific bequests are paid.

Specific Gifts: SfAA is named as a beneficiary of a specific amount from your estate.

Retirement Plan Beneficiary Language: You can name SfAA as a beneficiary of your IRA or other qualified retirement benefits. In this way, you maintain complete control over the asset while living, but at death, the plan passes to support SfAA free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please notify the SfAA Office. We can also assist with the proper language for beneficiary designation.

Customized Language: If you or your attorney would like SfAA to provide customized beneficiary language that is specific to your goal and interest, please contact us.

Please note that the SfAA is providing this for informational purposes and is not able to give tax advice. We recommend consulting your tax advisor for advice specific to your situation.