As the year winds down, it’s the perfect time to align your giving with smart financial strategies that can make a big difference. This is for both for you and the causes you care about, like empowering people with vision loss. Here are a few tips to help you make the most of your year-end generosity:
1. Tap Into Your IRA
If you’re 70½ or older, you can use your individual retirement account (IRA) to make a Qualified Charitable Distribution (QCD). This allows you to donate up to $100,000 directly to a nonprofit, like ours, without it being taxed as income. Plus, QCDs can count toward your required minimum distributions (RMDs)—a win-win for you and the community!
2. Give Appreciated Assets
If you’ve seen gains in your investment portfolio this year, consider donating appreciated stocks or mutual funds. You can avoid paying capital gains taxes on these assets, while still receiving a charitable deduction for the full market value.
3. Bunch Your Contributions
If you’re looking to maximize deductions, consider “bunching” multiple years of charitable donations into this year. This approach can help you exceed the standard deduction threshold and give your favorite nonprofit (like CVI!) a significant boost.
Your gift ensures critical programs, like low-vision evaluations, mobility training, and adaptive technology support, remain accessible for those who need them most. Let’s finish the year strong together—supporting hope, independence, and possibility.
To learn more about planned giving strategies and how they can make a difference for people living with vision loss, visit CVI’s planned giving page here, or contact Shannon Clark at sclark@cviga.org or 404-602-4276.
Please note that this article is not intended as financial or tax advice. If you wish to learn more about the financial planning options discussed below, please contact a professional who can advise you based on your personal circumstances.
