In Mercer County there is a clear dedication to supporting charitable efforts both locally and more broadly. At JFCS, we are humbled by the support we receive year after year from our donors.
In recent years, changes to tax law have impacted individual giving and caused some confusion for donors as to how to make the most significant impact with their valued contributions.
Our partners Lear & Pannepacker LLP spoke with us to help clarify the changes in tax law and alternative giving options including:
Donate Appreciated Securities: By donating appreciated stocks, bonds or other appreciated investments directly to a charity, the donor can avoid capital gains tax.
Set Up & Gift through a Donor Advised Fund: A donor can make a larger gift up front to a donor advised fund, receive an immediate tax deduction, and then advise on annual grants to charities year after year. Donor advised funds can be set up at local organizations such as Princeton Area Community Foundation or Jewish Community Foundation of Greater Mercer as well as through your bank or financial advisor.
Make a Qualified Charitable Distribution from IRA: Make a transfer of funds directly from your IRA to a charity. These transfers count towards your required minimum distribution each year but are not reported to you as taxable income.
See our full conversation with Lear & Pannepacker LLP for even more information: