Humane Association of Warren County

Other Ways To Give

Donate Appreciated Stocks

 

Consider Donating Appreciated Stocks for a Double Tax Benefit 

• Stocks and mutual funds that have increased in value and been held for more than a year are one of the most popular assets to use when making a donation to the Humane Association of Warren County. 

 

The Benefits of Donating Appreciated Stocks

• Capital gains taxes on stocks are avoided when held for more than one year.

• You will receive an income tax charitable deduction for the full fair-market-value of the stock at the time of transfer of the gift. 

• The satisfaction of knowing your donation will help save the lives of the abused, neglected, and homeless pets we care for every day. 

 

 

 

For the information you will need to transfer your appreciated securities directly to the Humane Association's brokerage account at LCNB, please call Eli Hurley at (513) 695-2121 or email at eh@homelesspets.org. 

 

 

Donate An IRA (Individual Retirement Account)

 

Make A Charitable Distribution from Your Individual Retirement Account (IRA) for a Tax Benefit

• If you are 70 1/2 years old or older, you can take advantage of a simple way to benefit the Humane Association of Warren County and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified non-profit organization such as ours, without having to pay Federal income taxes on the amount.  

 

Benefits to Donating your IRA to the Humane Association of Warren County

• A tax payer who is 70 1/2 years old is subject to required minimum distribution rules and must take at least a specific and calculated distribution, each year, from their Individual retirement accounts.

• A qualified charitable distribution (QCD) allows the taxpayer to satisfy the required distribution rules for their IRA, if they choose to donate all or any part of their IRA distribution directly to a qualified charity such as the Humane Association of Warren County.

• The benefit to the taxpayer is that the amount donated the Humane Association is not included in the donor's gross income so they pay no income taxes on the gift, whether they itemize or not.

• To donate your IRA for fiscal year 2017, you will need to direct your wishes to your IRA representative in advance, in order for them to process your request and send a check to the Humane Association of Warren County by December 31, 2017. 

 

 

For more information, please call Eli Hurley at (513) 695-2121 or email at eh@homelesspets.org

 

Information on this website is not intended as legal or tax advice. For Such advice, please consult your attorney or financial advisor.