Redwood Foundation for Education works closely with you to review the types of assets you’d like to use to achieve your charitable goals. From simple to complex donations, we work with your legal and tax advisors to help fulfill your charitable goals while providing maximum tax benefits.
Types Of Assets
Common donations include currency, checks or money orders made payable to Redwood Foundation for Education. These contributions are eligible for a charitable deduction.
Gifts of appreciated securities or commercial or residential real estate often allow you to make a substantial contribution while receiving valuable income tax advantages. Generally, a donor may qualify for a charitable deduction based on the value of the gift, and the capital gain from the donated asset passes tax-free to Redwood.
You can create or add to your Redwood fund through your will or living trust or name your fund as the beneficiary of your retirement plan or life insurance policy.
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, you may also be interested in a way to lower the income and taxes from your IRA withdrawals. A Qualified Charitable Distribution (QCD) from your IRA to Redwood is one way you can help our community and enjoy a tax benefit this year.
Through a Qualified Charitable Distribution, you are allowed to withdraw funds from your IRA with the intention of donating them directly to a qualified charity such as Redwood. QCDs are particularly helpful when you are required to take a required minimum distribution from a traditional IRA, an inactive SIMPLE IRA, an inactive SEP-IRA or an inherited IRA.
Additional gifts could include interests in business entities, virtual currency, life insurance policies, promissory notes, royalties and distribution rights, and stock options. Personal property and other assets may also be excellent contributions.