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GIFT
PLANNING

Your donation assists us with our mission that

directly supports children and adults in need. 

GIFT
PLANNING

Discover the Benefits of Giving Wisely

Did you know that there are giving opportunities that will benefit New Kingdom Trailriders, you, and your loved ones all at the same time? 

 

Such giving techniques are called “planned gifts” because with thoughtful planning, you can create win-win solutions for you and New Kingdom Trailriders.

While we cannot provide you with legal or tax advice, we can provide strategies that will maximize the benefits for yourself and your charity.  Tax laws are complicated and change constantly.  Please consult with your financial advisor and/or attorney.

Gift Planning Strategies During Your Lifetime

 
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Gift Planning for the Future

Strategies for giving in your lifetime.

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SECURE Act

Your IRA is still a strategic way to give.

STRATEGIES FOR GIVING IN YOUR LIFETIME

Qualified Charitable Distributions (QCDs) from IRAs

A convenient way to give is to request your IRA custodian to distribute a portion of your required minimum distribution (RMD) directly to New Kingdom Trailriders.  Up to $100,000 annually is allowed to be transferred tax-free.  Gifts can be designated for a specific project or where most needed.  You must be 72 years of age or older at the time of the gift to qualify.   

Giving Appreciated Securities to Avoid Capital Gains

Rather than give cash to New Kingdom Trailriders, you can transfer appreciated stock.  By transferring your stock in kind, you receive a charitable income deduction based on the fair market value of the stock and avoid capital gains tax.  This can offset up to 30% of your adjusted gross income.

Charitable Contribution

Cash is always good and supports the mission.  You may qualify for an income deduction if you itemize.

Other Optional Gifting Instruments

Please talk with your financial advisor to explore the following charitable giving strategies -- Charitable Gift Annuities, Deferred Gift Annuities, Endowments, and Donor advised Funds etc.  Our Executive Director would also be happy to discuss giving opportunities and provide guidance to professionals who will be sure your gifts will go to help others in need.  

The Simple Gift Through Your Will (Bequest)

Finally, a simple bequest allows us to continue to do the work you love for years.  A retirement plan beneficiary designation gift is easy, doesn't require an attorney to accomplish and allows you to leave other assets to your loved ones without the tax implication of leaving your IRA to them.  Simply include a gift to New Kingdom Trailriders in your will or trust.

 

What's best? It is a gift that costs nothing during your lifetime!

In Summary… Five Quick Tips

  • Make Itemizing Work for You
    If your itemized deductions are nearing the new standard deduction ceiling, increase or aggregate your charitable gifts over multiple years to make itemizing work for you.

  • Your IRA Can Still be Taxed Up to 60%
    Make a charitable gift to New Kingdom Trailriders through retirement plan beneficiary designations. Although individual beneficiaries will have to pay income tax on retirement-plan gifts, charities won't. So give individuals other assets to heirs that carry a lesser tax burden instead, and save retirement-plan gifts for charity.

  • Appreciated Securities are as Good as Before
    The appreciated securities portion of the tax law hasn't changed — meaning you can still save capital-gain taxes by giving appreciated securities that you've owned for more than a year.

  • Make an Immediate Tax-Free Rollover from Your IRA
    Another portion of the law that hasn't changed! If you're over the age of 72 (70½ if you turned 70½ before January 1, 2020) and haven't taken the required distribution from your IRA, ask the IRA administrator to make a direct tax-free transfer to charity.

  • Easiest Gift There Is
    Rely on a simple bequest, which can still be used to make a significant gift that costs nothing during your lifetime. Talk to your advisor to find the best way to meet your objectives.

SECURE  ACT

Strategies of Giving Under the SECURE Act

The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) is a far-reaching bill that includes significant provisions aimed at increasing access to tax-advantaged accounts and preventing older Americans from outliving their assets.

Below are just a few of the changes that can affect gifts through retirement plans:

  1. The SECURE Act increased the RMD (Required Minimum Distribution) age from 70½ to 72. However, you can still make a Qualified Charitable Distribution (QCD) at 70½ .

  2. Heirs now have only 10 years to take Required Minimum Distributions. This means the government will get their taxes much sooner. Now’s a good time for a thorough tax review by an expert. In some cases, it might make sense to open a charitable remainder unitrust to maximize legacy benefits.

Retirement plans are taxed at ordinary income rates when left to heirs, but there’s zero-tax when you donate such assets to New Kingdom Trailriders. So, leaving tax-favored assets to heirs is a smart tax strategy.

Therefore, if you’re considering a gift, consider making it through your retirement plan or a “tax free” gift though a Qualified Charitable Distribution (QCD, or the IRA Rollover), and leave less taxed assets, such as appreciated securities, to the ones you love.