Serving the community of Copley Township & the Copley-Fairlawn City Schools
Gifting represents the opportunity to transfer your assets during your lifetime or through your will and potentially reduce your taxable estate, while supporting those in the community who are in need. When you gift monthly, you can enjoy the benefit of seeing your gift in action, and you may also benefit from tax advantages. For many people witnessing the impact of their gift in important. Making a gift to a local charity while your alive lets you do just that.
Please consider Gifting as an option to help those in our community who are in need.
Donate Your IRA Assets
If you are 73 or older and haven't yet taken your required minimum distribution for 2023, you can donate up to $100,000 tax-free to charity and avoid paying taxes on the income.
Start s Charitable Gift Annuity
You'll receive a fixed income stream for life in exchange for making a single gift to charity now. Plus, new laws allow you to create a charitable gift annuity with a one-time, tax-free transfer of up to $50,000 from your IRA.
Gift a Life Insurance Policy
Consider transferring the ownership of a life insurance policy you no longer need to charity. You’ll receive a tax deduction for the annual premium payments and can make a large future gift at a small cost now.
Leverage Appreciated Stock
Donating highly appreciated stock directly to charity gives you a double benefit: You receive a deduction for the fair market value and also eliminate capital gains taxes. With early planning, business owners can also offset taxes from the sale of a privately held company by donating a portion of the interests to charity.
Contact your advisor to learn if a donor-advised fund is right for you.
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