CREATING A LEGACY

Your financial generosity has the power to make a positive difference in people’s lives now and into the future. While many give through cash, checks, or credit card offerings during services, there are additional ways to contribute that may also provide tax benefits. Here are some options:

 

1. Gifts Through Your IRA

If you have Required Minimum Distributions, donating directly from your IRA may lower your taxable income. Also, the Internal Revenue Service has special tax provisions for those over 70 1/2 whereby you may be able to give up to $105,000 in tax-free charitable donations through qualified charitable distributions.

 

2. Gifts of Stock & Appreciated Securities

Instead of cash, you may use appreciated stocks, bonds and mutual fund shares to make a gift. You may be able to claim a federal income tax charitable deduction for the full appreciated value of the securities and may avoid paying any capital gains tax on the transaction. Your funds would be electronically transferred.

 

3. Donor Advised Fund Gifts

If you have a donor advised fund (DAF), you may give a distribution from it to RBCSL, making it part of your charitable giving plan.

 

4. Bequests in Your Will or Trust

Consider including RBCSL in your Will or Trust to create a lasting impact. You can designate a specific amount, a percentage of your estate, or what remains after other obligations are met. This option is flexible and can be adjusted as needed.

 

5. Life Insurance Gifts

You can name RBCSL as the beneficiary of an existing life insurance policy, allowing your contribution to extend far beyond your original investment.

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You may want to consult your financial adviser and/or your accountant if you have any tax related questions or how to process a gift through your retirement and other financial accounts. Our Tax ID 95-2022930.

 

Ready to explore the best way to give?

For questions or to discuss giving options, please contact us.​