Stewardship 2019

Our USH ship is steady, and we want to keep it that way!  During the month of March, we shared some of the many things we celebrate and our goals for this year’s Stewardship Drive. To keep our ship steady, we need everyone’s oars in the water to move this beloved boat called USH forward by making a pledge and continuing to give of your time and talent! 
 

 

Painlessly Increase Your Stewardship Commitment to USH Through Tax-Advantaged Giving

In addition to writing a check or paying via credit card or bank transfer, there are tax-advantaged ways to fulfill pledges to USH.  Because you may be able to avoid or reduce your taxes, you will have more funds available to contribute to the good work of our USH community. 

The ideas listed below may not be appropriate for everyone and the benefits will depend on your tax situation.  Please consult your tax advisor. 

Donate appreciated stock instead of cash. Donating long-term investments that have appreciated in value instead of cash may give you more bang for the buck. The reason? If you give stock that has appreciated rather than cash, you get to deduct the full value of the stock (if you itemize), and the charity will not have to pay the capital gains taxes on the appreciation.

Donate your Qualified Charitable Distribution or Required Minimum Distribution (RMD). If you will be 70½ years old or older when you fulfill your pledge and you have IRAs, this could apply to you.  Beginning in the year that you turn 70½ (or by April 1 of the following year) you are required to take a minimum distribution (RMD) annually from your Individual Retirement Accounts (IRAs).  This distribution is taxable to you (and could potentially push you into a higher tax bracket). However, if you donate all or part of your IRA distribution directly to USH, the distribution won’t be included in your income, and you won’t have to pay tax on it. You can donate up to $100,000 total to one or more charities directly from a taxable IRA instead of taking the RMD into your taxable income. Remember, the distribution has to come directly from your IRA, not from you.

Use a Donor-Advised Fund.  A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund, you are eligible to take an immediate tax deduction (depending on whether you can itemize deductions in the year contributions are made to the fund), including for the appreciated value of any securities contributed to the fund.  You will never pay capital gains tax on appreciated securities.  The funds can be invested for tax-free growth and you can recommend grants to virtually any IRS-qualified public charity whenever you want.  Any gifts made to the donor-advised fund are irrevocable.

Adapted from https://www.impactgivingnow.org/2018/09/13/tax-advantages-of-charitable-giving by Anh Tran. April 1, 2019

 

Any questions? Email Caron Lanouette at USHStewardship@gmail.com.

 

Fair Share Giving Guide 

Pledge.Card.2019-20 (docx)

Pledge Card (pdf)

Online Donation