Stock/QCD Donations

End of Year Charitable Giving- Ways to give a gift that keeps on giving

There are a few ways to lower your taxes and support the Wallkill Valley Land Trust’s mission, and a great one is donating appreciated stock (or a fund) to a charity instead of cash. You get to deduct the current fair market value of the gift from your taxes, (as long as you itemize your tax deductions). The amount of which you can deduct is calculated as a percentage of your adjusted gross income (AGI). Stock donations made to the Wallkill Valley Land Trust may be deducted up to 50% of your AGI. 

If you weren’t to gift donated stock and instead sold, it, you would incur capital gains. Gifting it avoids that. It is best to focus on investments with the greatest gains, as a result. Please consult your tax or financial advisor if this makes sense for you. 

Another way to support Wallkill Valley Land Trust’s mission is through a Qualified Charitable Distribution (QCD) from your IRA.

QCDs enable a direct transfer of funds from your retirement account (such as an IRA) to the Wallkill Valley Land Trust. The good news: QCDs can be counted toward satisfying your required minimum distributions (RMDs) for those of you who are 71+ years old or older, so it does not count as taxable income to you.  

The maximum annual amount that can qualify for a QCD each year is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. And partial donations of your RMDs result in only a partial tax break. 

Again, in these examples, consult your tax or financial advisor if this makes sense for you. 

Contact us at info@wallkillvalleylt.org or by phone at 845.255.2761.

 

Our Mission is to enhance the quality of life in Ulster County by conserving lands of scenic, agricultural, ecological, recreational, and cultural significance.