We offer many opportunities to make a difference in the lives of the families we serve.
Donating stock that has appreciated for more than a year means you are actually giving 20 percent more than if you sold the stock and then made a cash donation. Why give stock over cash? To avoid capital gains taxes. The maximum federal capital gains tax rate is 20 percent on long-term holdings.
If you are 70 1/2 years old, or older, you can directly transfer funds to Family Promise of Greater Denver from your IRA account, without tax consequences for withdrawal! This transfer also counts towards your required minimum distribution (RMD)!
This means a lower tax bill for you and the chance to help a worthy cause.