By donating stock that you have owned for longer than one year, you receive the same income tax savings as you would by making a gift of cash. You also eliminate any tax on the appreciation.
Add funds to an existing DAF or open a new one by a written agreement at a community foundation or sponsoring organization. You qualify for a tax deduction when you make a gift to a DAF, without immediately having to choose the organizations you want to support. If you are ready to start making an impact with your DAF, consider recommending a grant (or recurring grants) to support the VFW.
If you are 70½ or older, you can give any amount up to $105,000 from your IRA directly to the VFW. You will not pay income taxes on the transfer. If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.
As you consider the smartest ways to leave a legacy, we are happy to help ensure that you realize the greatest benefit for your kindness. Please contact the VFW Planned Giving Office at 816.820.2099 or plannedgiving@vfw.org.
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