Many of our supporters are using “smart” tax-advantaged ways to donate to Contemporary Craft. Each of the methods listed below offers unique benefits and can provide advantages over direct cash donations, depending on your circumstances. We encourage you to consult with your financial advisor or tax professional to see which of these methods is best for you.
GIFTS OF STOCK
By donating stocks or other assets that have increased in value, you can avoid capital gains taxes that would be due if you sold these assets. Moreover, you are eligible to receive a charitable deduction for the full fair-market value of the asset.
RECOMMEND A GRANT THROUGH YOUR DONOR ADVISED FUND
DAFs are an excellent way to simplify your charitable giving and facilitate your strategic philanthropic goals. You can contribute to the fund as frequently as you like, and then recommend grants to your favorite charities whenever it makes sense to you.
USE YOUR RETIREMENT FUND TO MAKE A GIFT TODAY
If you are 70 1⁄2 years or older, you can transfer up to $100,000 annually from your Individual Retirement Account (IRA) directly to qualifying charities. QCDs are tax-free, even if you don’t itemize deductions on your tax return, and they count towards your annual required minimum distributions.
Have You Already Made a “Smart” Gift to CC?
Please let us know! If you’ve generously contributed stock, made a donation from a donor-advised fund, or made Contemporary Craft a beneficiary of your estate, please don’t forget to let us know so we can properly acknowledge your support and share our gratitude!
Contact Leslie Riker, Donor Relations Manager, at (412) 261-7003 or lriker@contemporarycraft.org to learn more.
