Smart Ways to Give
Some donations give back more than a good feeling.
Did you know there are ways you can donate that actually benefit you as well as Food Bank of the Rockies and the communities we serve? There are several options for giving available to you and your family—including stocks, IRA charitable rollovers, Donor Advised Funds, and estate gifts—that can not only create more impactful and longer-lasting gifts but can also offer you tax advantages. Talk about a win-win (win!) situation.
When you discuss with your financial advisor, be sure to mention our Tax ID: 84-0772672.
STOCKS & SECURITIES
Make a bigger impact by gifting securities.
Compared to donating cash, donating long-term appreciated securities like stock, bonds, and mutual funds could automatically boost your gift by as much as 20%, since it’s tax deductible and there’s no capital gains tax to pay.
Learn more about our programs and see how you can help.
Gifting stocks—an example.
Chris decides to donate $1,000 to Food Bank of the Rockies. They have stock with an original value of $700 but now worth $1,128.55. Assuming a capital gains tax rate of 30%, selling the shares for cash would equal around $1,000 after tax, which they could then donate.
However, if they donated the stock directly to Food Bank of the Rockies, it would be worth the full $1,128.55 since that avoids capital gains tax. Chris can also claim the gift as tax deductible. That’s a plus for everyone.
Want to learn more about how to donate stocks and securities?
Ask your financial advisor if this option is right for you.
IRA CHARITABLE ROLLOVER
Give from your heart, and your IRA.
Traditional Individual Retirement Accounts (IRAs) make wonderful nest eggs and they can also offer the opportunity to give back later in life. It’s one of the most seamless ways to contribute, if you’re able to, and can come with substantial financial benefits as you navigate retirement and fixed incomes.
Big benefits for retirees.
If you’re aged 70-1/2 or older, you can make a Qualified Charitable Donation (QCD) from your IRA, also known as an IRA charitable rollover, and receive financial benefits while knowing you’re helping us meet the challenge of hunger wherever it rises.
Since this needs to come directly from your plan administrator, you need to work with them to set up this contribution. Benefits include:
- Ability to donate up to $100,000 per person per year without it being considered a taxable distribution
- Lower your Adjusted Gross Income (AGI)
- No need to itemize deductions to qualify
- Help meet your Required Minimum Distributions (RMDs)
Want to learn more about IRA Charitable Rollovers?
Contact your plan administrator for more information and be sure to discuss this with your financial advisor.
DONOR ADVISED FUNDS (DAFS)
Consider us for your DAF contribution.
Donor Advised Funds (DAFs) continue to be one of the fastest-growing charitable financial instruments, due to their flexibility and tax advantages. If you have a DAF or are thinking about starting one, please consider Food Bank of the Rockies for a potential contribution.
We take our commitment to financial transparency and efficiency very seriously, and we would love to demonstrate the incredible good your contribution can do here.
Donate directly from your DAF.
DAF Direct is a service that allows you to recommend grants to Food Bank of the Rockies directly from your DAF, if your sponsoring organization is participating. Currently, Schwab and Fidelity DAFs are eligible for direct contribution through this service.
If your DAF is with a different sponsoring organization, please contact us to see the best way to proceed.
Interested in Donor Advised Funds? Talk with your financial advisor to learn more.
Your legacy of helping.
Including Food Bank of the Rockies in your will or estate plan is a gift that shows your true commitment to helping the most vulnerable in our communities. Your name will join others who have remembered us in their wishes.
The benefits of estate planning.
In addition to knowing your support will continue to help those in need after you’re gone, including Food Bank of the Rockies as part of your estate plan offers multiple advantages and options to fit your unique needs.
Flexible—We know situations change constantly, and you can rest assured knowing it’s easy to change your arrangement at any time.
Family first—Making a charitable contribution as part of your will still allows you to provide for your family and ensure they’re taken care of first.
Estate tax relief— If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift’s full value.
Planned gifts do not have to be complicated and can include:
- A specific gift or bequest in a will or living trust
- A residuary gift in your will or living trust- the remainder of what is left in your estate once your wishes for family and friends are met
- Beneficiary designation on an account such as a bank, retirement, or life insurance policy
Please contact Laurie Hagerman for more information on estate planning options and to join our Legacy Circle.