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Tax Tips for Charitable Giving

There are many ways to maximize your donation. Here are a few ideas. 


Donate Stocks or Bonds:
 

To donate please contact Will Norris, CFP at Charles Schwab, 303-448-3534 or Marilyn Staff with the Asia Transpacific Foundation 303-443-6789 extension 226.


Does your company match donations?
 

If so, you can double your contribution. All forms required for verification of Asia Transpacific Foundation’s IRS status are available.


Attention Travelers and Friends Age 70.5 and Over
 

There is a taxpayer-friendly provision in the Pension Protection Act of 2006 for Individuals who are 70.5 or older. Individuals who are 70.5 or older may give up to $100,000 a year to a qualified public charity from their IRAs (traditional or Roth), exclude such gifts from gross income on their Federal returns, and count the gift as part of their annual minimum distribution amount (MRD). Gifts must be outright and may not be used to establish annuities, remainder trusts, and the like. The donation must be made directly from the IRA to the charity.

Before considering such a gift, please consult your legal or tax advisor to see if this opportunity is right for you and your particular circumstances.

Call Marilyn Staff with the Asia Transpacific Foundation 303-443-6789 extension 226 for more information. Please help us continue this effective, worthwhile campaign by contributing today.


100%
 
Asia Transpacific Foundation uses 100% of your donations to fund clean water projects. Learn how. 


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