Planned Giving Legacy Society

What are the advantages of giving from your Donor Advised Fund (DAF)?

Your gifts to your donor-advised fund entitle you to an immediate income tax deduction at the time of contribution. You avoid capital gains tax on appreciated assets you place in your donor-advised fund. Your fund’s investment gains accumulate tax-free. Funds are distributed to FAC in your name and immediately used to support our work.

How do I donate through my DAF?

This tool automatically links with your DAF, allows you to recommend how you’d like your gift to be used and notifies FAC of your intentions.

Give from my DAF (clicking this link takes you to the FreeWill website).

Donate your appreciated stock directly to FAC, and you can receive an immediate income-tax deduction for the securities’ fair market value on the date of transfer (even if you originally paid much less for them). FAC sells your securities and uses the proceeds to support our mission. You do not pay capital gains tax on the transfer when the stock is sold. Giving appreciated stock can be more beneficial than giving cash. The “cost” of your gift is often less than the deduction you gain by making it. In advance, thank you for making this generous gift. Use this tool (clicking this link takes you to the FreeWill website) to donate stock so we can track your gift, send you the correct receipt, and ensure you can get the tax savings you deserve. If you would prefer to make your donation through your broker, access our transfer information from the link above to notify FAC of your gift.

Donate Cryptocurrency Directly to FAC and Maximize Your Tax Benefits

There’s a reason high net-worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.

The IRS classifies cryptocurrency as property for tax purposes, typically the most tax-efficient way to support your favorite cause. You receive a tax deduction for the crypto’s fair market value when donating crypto. You avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.

Give Cryptocurrency now (clicking this link takes you to the FreeWill website).

If you are 70.5 or older, giving from your IRA can help reduce your taxable income — and for those over 73 who must take a Required Minimum Distribution (RMD), an IRA gift is a simple way to fulfill it! By using the link below to give from your IRA, you can auto-complete your paperwork and we can track your gift to send you the proper tax receipts. Give from my IRA (clicking this link takes you to the FreeWill website).

This charitable strategy pays the donor and named beneficiaries’ income until the trust matures and the remainder passes to the First Amendment Coalition. Cash, securities, and appreciated real estate are transferred to the trust, and a diversified investment portfolio is established to generate income for the donor. The donor receives an income tax deduction for a portion of the assets contributed to the trust and pays no capital gains tax on the transfer.

There are two types of Charitable Remainder Trusts

Annuity Trust: You receive stable, predictable income annually based on a fixed percentage of donated original assets.
Unitrust Trust: You receive income annually that varies based on a fixed percentage of the value of the investments revalued annually.