Fallbrook Food Pantry donors give from the heart and their support is transforming lives every day. There are good reasons to make donations to charities, but mostly it boils down to one simple fact: giving feels good. So it’s no surprise, then, that many Americans give money or property to organizations they care about. Through gifts both big and small we are able to provide quality nutritious food and education, to those in our community who are in-need, thanks to our sustainable donors.
All donations made through our giving programs, listed below, are tax-deductible.
Planned Giving Programs:
IRA Charitable Rollovers
If you're 70-1/2 years or older, you too can make a direct contribution to support the Pantry through your IRA (Individual Retirement Account). Gifts of up to $100,000/year are not reported as taxable income. IRA charitable rollover gifts also qualify for your required minimum distribution (RMD), which can lower your personal income and reduce your tax exposure.
It's time to rollover...
Bequest Gifts
A bequest is a financial term describing the act of giving assets such as stocks, bonds, and cash, to individuals or organizations, through the provisions of a will or an estate plan. Bequests can be made to family members, friends, institutions, or charities.
Life Insurance Charitable Giving Riders
These riders usually come at no additional cost and often do not reduce the cash value or the death benefit of the policy. These riders effectively eliminate the need to create, pay for, and administrate separate gift trusts until the death of the insured.
Donating Appreciated Stock
By donating stock that has appreciated for more than a year, you are actually giving 20 percent more than if you sold the stock and then made a cash donation. The reason is simple: avoiding capital gains taxes. The maximum federal capital gains tax rate is 20 percent on long-term holdings.
For more information pertaining to any of these planned giving programs, please email our Chief Executive Officer, Shae Gawlak, at [email protected]
