Commonly traded stocks or bonds can easily be donated to LRWP. You may enjoy a tax advantage by doing so, since you can receive tax credit for a charity contribution based on the equities’ accrued value on the date of the transfer to LRWP but not have to pay taxes on the capital gains. Please call our Executive Director at 260-478-2515 to arrange to donate.
Note: transfers normally take a few days, so please allow time for this process if you wish your donation to be credited before the end of a calendar year.
[Note: this option has not so far been renewed for 2014. We will keep you informed if it later becomes available.] If you’re 70 ½ years or older and need to take required minimum distributions from your assets, you may be able to gain significant tax benefits by making larger donations to LRWP from a traditional IRA by December 31, 2013. Under rules enacted as part of the American Taxpayer Relief Act of 2012, you do not have to pay income taxes on amounts given (up to $100,000) when these are transferred directly to LRWP from an IRA trustee or plan administrator.
If you’re interested in making such a gift, speak to your financial or tax advisor. Donors can designate their funds to be used as needed, for care of an LRWP preserve, for our free nature programs, or for another specific project (if approved by our Executive Director).
Donation to LRWP’s endowment fund at Fort Wayne Community Trust can be arranged by contacting our Executive Director (260-478-2515). We don’t directly receive any of this money, but it may be matched up to 20% by the Trust (with some restrictions), and we are given access to the interest in perpetuity.
If you have questions about any of the above, please contact us at 260-478-2515 and we can guide you through the necessary arrangements.