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. Give Through Your IRA

If you are 70½ or older, you can donate directly from your IRA. This can help lower your taxable income by exempting the donated amount from taxes. The IRS allows up to $105,000 in tax-free charitable donations through qualified charitable distributions.

 

2. Gifts of Stock & Appreciated Securities

Instead of cash, you can donate appreciated stocks, bonds, or mutual fund shares. This allows you to claim a federal income tax deduction on the full appreciated value while avoiding capital gains tax.

 

3. Donor Advised Fund Contributions

If you have a donor advised fund (DAF), you can direct a contribution 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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We recommend consulting with your financial advisor or accountant for guidance on processing gifts through retirement and financial accounts.

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Tax ID: 95-2022930. Thank you for your support!

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