Did you know you can enjoy tax savings from certain types of gifts even if you don’t itemize your taxes? Here are a few examples:
- Contributions of appreciated property like stocks, bonds, real estate or cryptocurrency
- IRA Qualified Charitable Distributions (QCD) for those over age 70 ½, counts toward required minimum distribution (RMD)
- Contributions of ordinary income property like crops or retail product inventory donated prior to sale
For help or questions with non-cash gifts contact Gary Pratt, Senior Director of Development, [email protected], 913-433-2007.