Other Charitable Options
You can also make a powerful impact for rescued farm animals by considering the tax free benefits of gifting stock or a qualified charitable distribution.
Gifting Stock: Donating appreciated stock is an easy and economical way to give more to a cause you care about. By donating stock directly to Safe Haven Farm Sanctuary, you could be eligible to take a federal income tax deduction equal to the fair market value of the shares, and therefore avoid paying capital gains taxes. This allows you to make a more significant gift that will have an even greater impact on our rescued farm animals.
Qualified Charitable Distribution: Another way to save on your taxes while making a powerful impact on rescued farm animals is to make a tax-free gift from your IRA to Safe Haven Farm Sanctuary. If you are age 70 ½ or older and have a traditional individual retirement account (IRA), you may make a Qualified Charitable Distribution (QCD) directly from your IRA to a qualified charity. A QCD can total up to $100,000 per year and can be used to satisfy your required minimum distribution. There is no income tax on the funds leaving your IRA and being gifted to the charity.
You can contact your financial advisor to learn more or contact Ellen Wu (firstname.lastname@example.org / 212-713-3792) for further assistance.