Other Donation Options
Gifts of Stock
Help protect the American chestnut for future generations and enjoy tax advantages by making a gift of stock to The American Chestnut Foundation.
Things to remember:
- Let us know the stock is coming and the type and number of shares that will be transferred. We need this information to credit you properly and issue the receipt you will need for tax purposes.
- You can avoid capital gains tax by making a charitable gift of stock. Please note, too, that the stock contributed needs to have been held by you for more than 12 months to garner the greatest tax savings.
Fill out the TACF Gift of Stock Form.
For information on transferring stock electronically or by sending a stock certificate, please email Heather Nelson or call TACF National Office (828) 281-0047.
Charitable IRA Rollover
In December of 2015, congress passed, and the president consequently signed, into permanent law allowing taxpayers age 70 ½ or older to be able to transfer up to $100,000 annually from their Roth or Traditional IRA accounts directly to a charity without having to recognize the distribution as income. This can be particularly helpful for those who are required to take a minimum distribution from their account but do not need the funds.
For more information about a charitable IRA Rollover feel free to email David Kaufman-Moore , call TACF National Office at (828) 281-0047 or your financial advisor, or the plans’ custodian.
Did you know that many companies match an employee’s charitable contributions, some even after they have retired?
Because companies continually change their policy and procedures on if, when, how much they match, etc. it is difficult for TACF to keep up with. However, if you know or ask your employer about their matching gift program, please call and let us know so we can be sure to increase your impact on American chestnut restoration.
For more information about Matching Gifts feel free to email David Kaufman-Moore or call TACF National Office at (828) 281-0047.
Why donate through a donor-advised fund?
Donor-advised funds–funds held within, and managed by, a public charity–are fast becoming the most popular vehicle for charitable giving. In fact, DAFs outnumber private foundations by more than two to one. Establishing a DAF is a relatively cost-effective way for donors to reap maximum tax benefits while supporting the causes they care about. DAF holders can take a federal income tax deduction up to 50% of adjusted gross income for cash contributions and up to 30% of adjusted gross income for appreciated securities. Further, by transferring assets such as real estate or limited partnership interests to a DAF, donors can avoid capital gains taxes and receive an immediate, fair-market-value tax deduction.
Donor advised fund account managers include Thrivent, Schwab Charitable, Fidelity Charitable, Vanguard, and your local Community Foundation. Speak to a tax specialist to see if donor-advised funds are right for you.
Start Shopping with AmazonSmile to support TACF
Did you know that Amazon has a program to support non-profits? It’s called AmazonSmile (amazon.smile.com) and it’s easy to use. Register at amazon.smile.com and select your charity of choice (The American Chestnut Foundation). Amazon then donates 0.5 % of your total eligible purchases to TACF every time you shop. This program offers the same great Amazon products, prices, and service so help support TACF today at AmazonSmile!