Donating appreciated assets, such as stock and mutual funds, may be a perfect fit for you and New Hope, and you may be able to realize significant tax benefits.
Your required minimum distribution (RMD) through an IRA could also be a qualified charitable distribution (QCD) to a nonprofit like New Hope.
Here are some ideas to consider:
• Make a gift of appreciated stock to New Hope Ministries to avoid capital gains tax.
• Make your IRA’s RMD as a QCD to New Hope. Click here to read more from the IRS about how this works.
• Name New Hope Ministries as a beneficiary of your pension plan, IRA, or 401-K retirement plan.
• Name New Hope Ministries as the beneficiary of a new or existing life insurance policy.
For more information about how you can give appreciated assets, please contact:
Joel Giovannetti, 717-432-2087 ext. 204
Please note: This information is prepared for the information of friends and donors of New Hope Ministries. Its purpose is to offer helpful tax and financial planning information. Donors should consult with their professional advisor as to the applicability of any ideas to their own situation.