Looking for some tax-wise approaches to make a difference for Bates? Here are some options to consider before the close of 2025. 

• Make sure you’ve taken your Required Minimum Distribution. Use your IRA to make a qualified charitable distribution to avoid an increase in your taxable income. You see a tax advantage even if you don’t itemize deductions. 
• Consider using a Donor Advised Fund (DAF). With changes to tax law that set a minimum floor for itemizing deductions, you might want to distribute more charitable dollars now. This may allow you to get a tax deduction upfront while distributing funds to Bates over time. You can also make a future gift to Bates by making the college a beneficiary of your DAF.
• Set up a Charitable Trust or Charitable Gift Annuity to benefit you, your family, and Bates. You will receive an immediate income tax deduction and income for life.
• Donate appreciated stock for a double benefit. You can claim a charitable deduction for the full fair market value of the stock, and you avoid paying any capital gains tax on the appreciation.

Your generosity is more than a tax strategy; it’s a testament to your values and a powerful investment in the Bates mission. Thank you for your continued support!

To learn more, contact us at giftplanning@bates.edu | 800-762-3145. As always, please consult your financial advisor or tax professional for advice tailored to your personal situation.