What if I told you that supporting Second Harvest’s mission could not only help build a hunger-free future but also offer you some fantastic tax benefits? Welcome to the world of noncash smart giving: tax-efficient methods that help you make a meaningful impact.
Just the other day, a kind-hearted donor shared an interesting story with me. Their financial advisor and accountant had a chat and both agreed that donating appreciated stock was the smartest way for them to give. The donor described it as the “best of both worlds” – giving to their charity of choice while catching a tax break. How cool is that?
Here are some ways you can make a noncash gift to Second Harvest:
- Stocks and securities donation: By donating appreciated stocks, bonds, or mutual funds, you could enjoy some tax benefits while supporting our neighbors facing hunger. It’s a win-win!
- Individual retirement account qualified charitable distribution: Individuals age 70½ or older, you can make tax-free charitable donations directly from your IRA. This not only supports Second Harvest but can also help satisfy required minimum distributions.
- Life insurance policies: Consider naming Second Harvest as a beneficiary of your life insurance policy or donate a paid-up policy. This way, you provide future support while possibly enjoying tax benefits during your lifetime.
- In-kind donations: Donations of goods or services can directly benefit our programs and initiatives. Whether it’s equipment, supplies or professional expertise, your contributions help us fulfill our mission more effectively.
Of course, please consult with your financial advisor to explore the best options for maximizing your impact.
We know that every donor’s situation is unique, and we’re committed to working
Thank you so much for your unwavering support of Second Harvest. Together, we can continue to make a real difference in the lives of our neighbors in need.
