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INVESTMENT GIFTS
Tax-Savvy Strategies for Charitable Giving by US tax payers
Many Americans are unaware that giving to non-profit organizations can offer substantial benefits for their US tax situation. There are several straightforward donation strategies that may help reduce your tax liability, making this an ideal time to explore options that allow you to support the causes you care about while enjoying tax advantages.
The Biblioteca Pública de San Miguel de Allende cannot provide individual financial or legal advice as each individual person’s situation may vary and U.S. tax laws frequently change. Individuals should check with their accountants and lawyers if you are considering these gifts.
Please contact us to discuss questions or the specifics of your designation at donate@labibliotecapublica.org
Our US Legal Name: Funds for the Biblioteca Publica Inc, aka Biblioteca Publica de San Miguel de Allende AC
Federal Tax ID EIN: 68-039932
GIVE FROM YOUR IRA / REQUIRED MINIMUM DISTRIBUTIONS (RMD)
Consult with your financial adviser to determine if you are elegible to make a gift directly from your IRA to La Biblioteca and potentially reduce your tax bill.
Make a difference today and save on taxes. It may be possible when you support the Biblioteca Publica through your IRA.
A Special Opportunity for Those 73 Years Old and Older
For tax year 2025, You can give any amount (up to a maximum of $108,000) from your IRA directly to a qualified charity such as the Biblioteca Publica without having to pay income taxes on the money used to make this gift. Gifts of any value $108,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at the Biblioteca Publica. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. If you are married and both spouses have their own IRAs and meet the age threshold, each can make a QCD, for a potential combined total of $216,000.
Why Consider This Gift? 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 from your IRA, you can use your gift La Biblioteca to satisfy all or part of your RMD 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 your Medicare premiums and decrease the amount of Social Security that is subject to tax.
The Biblioteca Publica de San Miguel de Allende cannot provide individual financial or legal advice as each individual person’s situation may vary and U.S. tax laws frequently change. Individuals should check with their accountants and lawyers if you are considering this gift method.
Please contact us to discuss questions or the specifics of your designation at donate@labibliotecapublica.org
GIFTS OF STOCK
Donate stocks or mutual funds held more than one year. Avoid capital gains tax and receive a charitable deduction while supporting our mission.
If you own stock that has increased in value and would incur significant capital gains tax upon sale, consider donating the appreciated shares directly to Funds for the Biblioteca Publica Inc. This approach may allow you to avoid capital gains taxes. Please consult your financial advisor or accountant.
A Tax-Savvy Way to Benefit from Growing Assets
Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift to the Biblioteca Publica. Making a gift of securities or mutual funds offers you the chance to support our work while realizing important benefits for yourself.
When you donate appreciated securities or mutual funds in support of our mission, you can reduce or even eliminate federal capital gains taxes on the gain. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Securities are most often used to support our work in the form of:
- An outright gift. When you donate securities to the Biblioteca Publica, you receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer.
- A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime. State laws govern transfer on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.
The Biblioteca Publica de San Miguel de Allende cannot provide individual financial or legal advice as each individual person’s situation may vary and U.S. tax laws frequently change. Individuals should check with their accountants and lawyers if you are considering this gift method.
Please contact us to discuss questions or the specifics of your designation at donate@labibliotecapublica.org
DONOR-ADVISED FUNDS
Experiencing a sizable investment or income gain this year? That is going to increase your tax burden. Establishing a DAF enables you to take an immediate, tax deduction and then make grants to qualified organizations from your DAF over time. This method is a flexible and popular choice for tax-smart giving. Please consult your financial advisor or accountant.
Tax-smart Giving by creating a Donor Advised Fund
To set up a DAF you first choose a sponsoring organization like a local Community Foundation or a national sponsor like Fidelity Charitable, Vanguard Charitable or National Philanthropic Trust (NPT).
Second open your account and fund it. And finally select the investments and make glants to qualified 501(C) charities, like the Biblioteca.
Most brokerage firms can assist in setting up these funds so please consult with your financial advisor.
Key benefits:
- Tax Efficiency: get deductions now, give later, and grow funds tax free.
- Flexibility: Support various causes over time with one account.
The Biblioteca Publica de San Miguel de Allende cannot provide individual financial or legal advice as each individual person’s situation may vary and U.S. tax laws frequently change. Individuals should check with their accountants and lawyers if you are considering this gift method.
Please contact us to discuss questions or the specifics of your designation at donate@labibliotecapublica.org
