Dec 13, 2011
Tips for End of Year Giving
Give to a cause you believe in while making your tax bite smaller by donating to the Society before December 31. These suggestions can help your gift be a successful one.
Talk to your accountant
Charitable gifts made now may reduce what you owe for 2011. Talk to an accountant or financial advisor who can help you determine the full impact of your gift.
Get started now to make the best of 2011 tax legislation. For example, the extended charitable IRA legislation allows people aged 70½ or older to transfer lifetime gifts of up to $100,000 tax free using funds from their IRAs. This opportunity is only available through December 31, 2011.
Review your portfolio
If you have held appreciated stocks for more than a year, avoid the capital gains tax by giving the stock to the Society—and get a deduction for the full value of the stock. Stock gifts need to be transferred into the Society’s account by close of business December 31 for them to count in the tax year. For details, visit nationalMSsociety.org/GiftsOfStock.
Consider an annuity
A charitable gift annuity provides you with current tax benefits and guaranteed payments for life, but it also allows you to provide for meaningful future gifts to support people living with MS. Call the Society’s National Individual Giving Office at 800-923-7727 or email GiftPlanning@nmss.orgfor more information. We make it very easy to weigh the options.
Stick with organizations you support—like the Society!
According to charitynavigator.com, dividing money among many nonprofits diminishes its impact as each charity will spend a percentage on fundraising and overhead expenses. An easy way to make a lasting impact is to name the Society as a full or partial beneficiary of your retirement plan or life insurance policy.
Make a long-term commitment
Be a partner in the Society’s efforts to end MS. Please consider a gift in your living will or living trust, which will help to support our mission well into the future. We can only succeed with your continuing support.
For more information on ways to give to the Society, call us at 800-344-4867 or email Shelly.Parker@nmss.org.