OTHER WAYS TO GIVE
In addition to cash contributions, the Friends of the Public Garden is able to accept other types of gifts, including gifts of appreciated assets and IRA contributions described below. For more information about these or other types of planned gifts not shown below, please contact Hannah Williamson, Development Associate, at 617-723-8144 or firstname.lastname@example.org.
A Gift of Appreciated Assets
As you think about your tax planning for the end of the year, consider a gift of appreciated assets to the Friends of the Public Garden. A gift of appreciated assets, such as individual stocks, bonds or mutual fund shares can be a powerful and tax-smart way to give. You would avoid paying capital gains tax on the sale of the assets and receive a tax-deduction equal to the full market value of the gift.
If you would like to make a gift of appreciated assets, you may give the Friends account information below to your financial planner or other representative:
DTC – 0226
Account number: Z83-284661
Name: Friends of the Public Garden
Did you know that if you are 70½ or older, you can arrange for distributions from your IRA to be donated to the Friends of the Public Garden? In 2015, Congress made permanent qualified charitable distributions (QCDs) from individual retirement accounts. A QCD permits direct transfers to a qualified charity totaling up to $100,000 per year. While these qualified charitable distributions are not tax deductible, they are also not included in your taxable income. A QCD can be used to meet your required minimum distribution. Ask your IRA plan administrator how to do this. The Friends of the Public Garden is a qualified charity and you will need to provide the exact payee name. It is “Friends of the Public Garden, Inc.”