With the introduction of tax reform this year, you may be looking at your finances and wondering how you can continue to be charitable. There are many ways you can make a difference at Des Moines University while enjoying financial benefits for yourself.
Here are some smart ways to give in 2018:
- Donate appreciated stock: With the stock market at or near all time highs, give your appreciated stocks
- Name DMU as a beneficiary of retirement plan assets: These assets remain taxable when distributed to a loved one but are tax free when given to a nonprofit.
- Give from your IRA (if age 70.5 or older): Regardless of whether you itemize your taxes, this gift allows you to fulfill your required minimum distribution and is not considered taxable income.
- Gifts of real estate: Many real estate markets are enjoying gains. Appreciated real estate may be subject to capital gains tax unless donated to a charity or transferred to a charitable trust.