Beyond a gift in your will
Explore more giving tools
“But who am I, and who are my people, that we should be able to give as generously as this? Everything comes from you…”
1 Chronicles 29:14
Once your will is up to date, there are other opportunities to use your resources to support causes close to your heart. Here are some tools to consider based on your unique situation.
Donor Advised Funds
Charitable Gift Annuities
Giving Appreciated Assets
I want to include my family in my giving.
A personal giving fund, known as a Donor Advised Fund (DAF), is the fastest growing charitable giving vehicle and may be just what you’re looking for. It’s a simple way to give cash, real estate, stocks, mutual funds, or commodities and allows you the flexibility to distribute gifts over time.
I want to make a significant gift and earn income at the same time.
A Charitable Gift Annuity (CGA) may be a good fit for you. CGAs are a simple arrangement that involves a charitable gift and ongoing income. You make a gift—part of which is tax deductible—and receive fixed payments each year for the rest of your life. At the end of your life, the remainder of your charitable gift goes to support our work.
I have assets like real estate, life insurance, stocks, mutual funds and property I’d like to give.
The majority of your wealth is most likely held in non-cash assets. You can use these resources to make a lasting difference in our work. Plus, giving non-cash assets can help you reduce or eliminate capital gains tax when you transfer part or all of your assets to a charitable organization before the sale. You’ll receive a tax deduction (and see significant savings on your income tax returns).
I’d like to use my retirement assets to support your work.
You have options when it comes to giving from your retirement assets.
Qualified Charitable Distributions (QCDs) from a retirement account (also known as Charitable IRA rollovers) are a great way to make a charitable gift and save on taxes. Donors aged 70.5 and older are eligible to make a distribution from their IRA directly to their favorite charities. Donors aged 73 (age is raised to 75 by 2033) are required to take a minimum distribution from their IRA each year. This required minimum distribution (RMD) can also be directed to a charity as a QCD. The QCD giving option is tax advantageous because you are not required to pay income tax on charitable withdrawals from these accounts, plus the sum you give will not be included in your adjusted gross income.
You can also designate San Diego Rescue Mission as a primary or secondary beneficiary of your 401k, 403b, or Individual Retirement Account (IRA). With this option, at your death all remaining assets will be transferred to your chosen beneficiaries.