Maximize your 2022 Charitable Giving!
November 17, 2022
By Karissa Raynor
There are lots of ways to maximize your charitable giving this year! Some helpful hints include:
Have an IRA and are 70 ½ or older? Consider a Qualified Charitable Distribution (QCD) to the Trust and reduce your adjusted gross income, lower your social security benefits, and maximize your charitable giving!
Have property? Consider donating your property to the Trust!
Have highly appreciated securities? When you donate stock, bonds, or mutual funds to the Trust, you’ll take a tax deduction for the full fair market value!
Had an unexpected gain? Bunch your charitable deductions! Give gifts this year that you may have intended to make in future years and maximize your charitable contributions.
Want a tax deduction now but decide on where to give later? Open a donor-advised fund (DAF)! When you donate cash, securities, or other assets to a DAF, you can make an immediate tax deduction. Then the funds can be invested for tax-free growth and can be recommended anytime you want to a public charity.
We are grateful for your support of conservation! Always review these options with your financial advisor prior to making decisions about your charitable contributions. We are also happy to help! Please feel free to contact Amanda Abraham, Director of Development, at AAbraham@PeconicLandTrust.org or by calling 631-283-3195 ext. 120. Interested in making a gift? Just use this link! Thank you!
Karissa Raynor
Grants and Annual Giving Manager
kraynor@Peconiclandtrust.org