Gifts of Cash
Make a gift that Els for Autism can use immediately, and receive the maximum charitable deduction.
An outright gift of cash is the simplest method of giving and may be declared as a charitable deduction on your federal income tax return for the year you make the gift. For a gift of cash, you may deduct an amount equal to 60 percent of your adjusted gross income. Any excess balance may be deducted over the next five years.
Gifts of Securities
Avoid capital gains taxes and receive a charitable deduction.
You may donate publicly traded securities to Els for Autism. If you have owned the securities for more than one year, you may qualify for a charitable income tax deduction equal to the value of the securities on the date they are received. Gifts of long-term appreciated securities are deductible for an amount equal to 30 percent of your adjusted gross income in the year you make the gift. Any excess balance may be deducted over the next five years. You may save substantially more in taxes by giving securities as opposed to cash.
IRA Rollover
Individuals who are 70 1/2 or older may transfer up to $111,000* a year directly from their traditional or Roth IRA to a qualified charity, such as Els for Autism. The amount of the transfer will not be included in your taxable income, and beginning in the year you turn 73, the transferred amount can count toward your required minimum distribution. (The gift cannot, however, be claimed as an income tax deduction.)
How to Make an IRA Rollover Gift
The process for making a gift from your IRA is straightforward; however, it is important to exercise care to ensure that your transaction is completed correctly. For example, the funds must be transferred directly from your IRA administrator to the charity to avoid taxation.
Download our IRA Fact Sheet, IRA How-To Sheet, and Letter to IRA Administrator to help you accomplish your rollover gift seamlessly.
A New Way to Support NYP: Create a Charitable Gift Annuity (CGA) Using IRA Assets
If you are 70 1/2 or older, you can now create a CGA with a gift from your IRA. When you make a one-time election donating up to $55,000 to the organization in a single year, you will receive regular annual payments for life.
A CGA is a simple agreement between you and Els for Autism in which the organization agrees to pay you a fixed annual income for life in exchange for your donation.
