The New Horizons Foundation offers donors a wide variety of ways to give meaningful gifts to benefit the charitable purposes they wish to support.
GIVE BY CHECK
RETIREMENT ASSETS
Thanks to a smart new law, if you’re at least 72 you have the freedom to make tax-free distributions from your IRA directly to charity. So, if you are taking IRA distributions you don’t need or that force you into a higher tax bracket, you now have a surprisingly easy solution. This new giving advantage works for transfers up to $100,000.
The new Path Act made the IRA rollover permanent and provides that individuals over 72 can transfer money directly from their IRA account to charity without having to receive it first as income. Because the transfer is directly from your IRA to charity, it is not considered income to you nor do you receive a tax deduction for the transfer. A transfer from an IRA to charity also counts against the Minimum Required Distribution amount for that year from your IRA.
If you have questions, click here to send the Foundation a message and someone will give you a call.
Or give us a call at (800) 531-4075 and select option 1.
STOCKS
A gift of stock or securities may be the best choice for you. For appreciated stock that qualifies for long-term capital gains (stocked owned for 1 year or more), you will receive a charitable tax deduction for the full fair market value of the gifted stock and avoid capital gains tax on the appreciation.
Below are instructions for making a donation of stock/securities to a project at the New Horizons Foundation:
Please notify Chris Rosenhahn at Chris@newhorizonsfoundation.net or 719-260-1213
With the following information:
• Number of Shares
• Name of Stock
• Donors Name and Address
• Project the donation is for
Give the following Information to your broker to make a stock/securities gift:
Morgan Stanley
DTC: 0015
FBO: New Horizons Foundation
Account #: 694-093994-722
Please be sure to email
chris@newhorizonsfoundation.net
with the name of the designated project for your donation after you’ve submitted your gift.