Biblioteca Pública AC.

INVESTMENT GIFTS

Tax-Savvy Strategies for Charitable Giving

Many people 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.

  • Give from your IRA / Required Minimum Distributions (RMD): Consult with your financial adviser to determine if you are elegible to make a gift from your IRA to La Biblioteca and potentially reduce your tax bill.

IRA Distribution Letter Template

This one-page letter is pre-filled with the information you need to make a distribution to the Biblioteca Publica. Please discuss with your financial advisor. Simply add your information, print the letter, and mail to your retirement account provider. Please delete these instructions before printing the letter.

[Date]
RE: Request for Direct Qualified Charitable Distribution from IRA

Dear IRA administrator:

Please accept this letter as my request to make a direct qualified charitable distribution from my individual retirement account number [insert number here] as authorized under Sec. 408(d)(8) of the Internal Revenue Code, as amended.

Please issue a check in the amount of $[amount], payable to Funds for Biblioteca Publica Inc.  and mail it to:

Frost Bank, 1155 NE Loop 410, San Antonio, TX 78209

The qualified charitable organization’s federal tax identification number EIN:  68-0399326

In your transmittal to the above-named charitable organization, please copy me on the transmittal at the address below.

It is my intention that this gift complies with IRC 408(d)(8). It is also my intention to have this transfer qualify during this tax year.

If you have any questions or concerns regarding this request, I can be reached at [Your Phone Number] or [Your Email Address].

Thank you for your prompt attention to and assistance in this matter.

Sincerely,

[Your First and Last Name]
[Your Address]
[Your City, State ZIP]
[Your Phone Number]

  • Gifts of Stock: If you own stock that has increased invalue 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 to your financial advisor.
  • Donor-Advised Funds (DAF): Experiencing a sizable investment gain this year? Establishing a DAF enables you to make an immediate, tax-deductible gift to a sponsoring charity and then recommend grants to qualified organizations over time. This method is a flexible and popular choice for tax-smart giving.

Smart Giving from Your IRA: Make a difference today and save on taxes. Gifts up to $108,000 per individual (or $216,000 per couple) can be transferred directly to La Biblioteca without paying income taxes. Your gift will be put to use immediately.

Gift of Appreciated Securities: Donate stocks or mutual funds held more than one year. Avoid capital gains tax and receive a charitable deduction while supporting our mission.

Establish a donor-advised fund (DAF) to make an immediate, tax-deductible gift and recommend grants over time. Flexible and tax-smart giving for lasting impact.