You can make a significant impact on Unity of Escondido (DBA Aspire) through strategic donations of appreciated stock and/or Qualified Charitable Distributions (QCDs) from your IRA. Speak with your tax preparer or CPA to understand how these tax-wise giving methods can support Unity of Escondido.

Support Unity of Escondido (DBA Aspire) tax-efficiently through IRA giving with a QCD – and it will benefit you, too!

What is a QCD?
A QCD is a gift an individual 70 ½ years old or older can distribute from a taxable IRA to Aspire as a qualifying 501(c)(3) non-profit. You can give up to $100,000 total instead of taking out your required minimum distributions.

What are the benefits of a QCD?
Making a QCD allows you to meet your required minimum distribution without increasing your taxable income. Because your taxable income won’t increase, you can avoid higher tax rates or limitations on tax deductions.

How to make a QCD to Aspire
In order to begin the process, you will need to reach out to the organization managing your account. If you want your QCD to meet your required minimum distribution, it must be made by December 31st.

Is a QCD the best fit for me?
If your securities have grown in value since you bought them, you may want to consider making a donation of appreciated stock instead.

Donating appreciated securities like stock, bonds, or mutual funds is a great way to maximize your impact. Rather than selling your appreciated securities and donating the after-tax proceeds, a direct gift may increase your donation total and your tax deduction may also increase by as much as 20%.

This strategy works best for investments that you have had for more than one year and that have not lost value. This donation method offers valuable tax benefits, including a full fair market value deduction and the elimination of capital gains taxes on the stock’s appreciation. Your financial advisor can help you determine which options are best for you.

Don’t wait! Donating appreciated securities isn’t an instant process. If you are planning to make a gift before year end, be sure to start sooner rather than later so you can complete the process before December 31st.

Your gift is our future…