Two ways to give now
Our team at the Quad Cities Community Foundation is here to guide people like you through the best ways to do your giving. There are a variety of options for giving at your fingertips—and a variety of ways that you can optimize the tax benefit for yourself too.
“Gift annuities and gifts of stock are two giving options we’re seeing more and more donors use,” said Anne Calder, vice president of development. “Whether through a meeting on Zoom or a socially-distanced one-on-one, we’re happy to listen to how donors wish to act on their generosity and find the most effective way to do so.”
A gift that pays twice
A gift annuity is a simple contract between you and the Community Foundation.
You fund the annuity with cash or stock, and we agree to send you a fixed payment each quarter for as long as you live. You can fund one for yourself, or for another person so payments last as long as either of you live. We can provide a no-obligation illustration of what your rate and tax savings might be. The benefits include:
Income for life at fixed rates.
Income tax savings this year.
Possible capital gains benefits if you fund it by transferring stock.
Support for your community and the causes you care about after a lifetime of payments to you.
Smart stock advice
Recently, donors have noted to us that they have some stocks they have held for years. If that’s you, now may be time to sell some (and some stock you may want to hold too). You can use some of your stocks to have an impact on your community by donating them.
By transferring your stock to the Community Foundation instead of liquidating it, you receive an income tax deduction for its current value but pay no capital gains on the transfer. Always check with your financial planner and tax adviser first, but if you want to put old stocks to a new use, we can help you freshen your portfolio.
Let’s work together
To discuss these options and others, contact Anne Calder, vice president of development, by email or calling (563) 326-2840.