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- Make sure you\u2019ve taken your Required Minimum Distribution<\/a><\/strong>. 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\u2019t itemize deductions.\u00a0<\/li>\n\n\n\n
- Consider using a Donor Advised Fund (DAF)<\/strong>.<\/a> 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<\/a> of your DAF.<\/strong><\/li>\n\n\n\n
- Set up a Charitable Trust<\/strong> or Charitable Gift Annuity<\/strong><\/a> to benefit you, your family, and Bates. You will receive an immediate income tax deduction and income for life.<\/li>\n\n\n\n
- Donate appreciated stock for a double benefit<\/a>. You can claim a charitable deduction for the full fair market value<\/strong> of the stock, and you avoid paying any capital gains tax<\/strong> on the appreciation.<\/li>\n<\/ul>\n\n\n\n
Your generosity is more than a tax strategy; it\u2019s a testament to your values and a powerful investment in the Bates mission. Thank you for your continued support! <\/p>\n\n\n\n
- Consider using a Donor Advised Fund (DAF)<\/strong>.<\/a> 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<\/a> of your DAF.<\/strong><\/li>\n\n\n\n