Many donors try to give in tax efficient ways, and Four Winds has the systems and processes in place to receive all sorts of gifts. Examples include:
Giving appreciated securities directly to Four Winds allows a donor to avoid capital gains tax on the appreciated securities, plus take an income tax deduction for the full value of the securities in the year the gift is made. Four Winds has a brokerage account set up to receive gifts of this nature. Please call us at (360) 376-2277 so we can assist you in making a gift in this way.
Qualified Charitable Distributions
A Qualified Charitable Distribution (QCD) is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to a qualified charity such as Four Winds. A QCD can satisfy Required Minimum Distribution Requirement, and thus can be a very tax efficient way to give.
Donor Advised Funds
A Donor Advised Fund (DAF) is a convenient way for philanthropically minded individuals to simplify their charitable giving and take advantage of maximum tax savings. Donors make an irrevocable contribution to a sponsoring charity, such as a community foundation, to establish the fund. These funds are then available for the donor to make grant recommendations to charitable organizations. Four Winds is able to accept gifts from DAFs. Just provide our information to your DAF’s sponsor organization and recommend a gift. Please feel free to contact us if you need any assistance.
None of the above should be construed as tax advice. Please consult your own tax advisor. Four Winds is a public charity under section 501(c)(3) of the IRS code. Our Tax ID number is 91-0828602.