A Gift of IRA Assets:
You can support Center for Food Action by making a gift of IRA assets. The charitable IRA rollover provision of the Taxpayer Relief Act has been made permanent by Congress. This provision allows you to transfer any amount, up to $100,000, from your IRA directly to a charitable organization. This is a tax-advantaged way to make your annual or special gift to CFA. To qualify, you must:
-Be 70½ or older;
-Instruct your IRA administrator to transfer your selected dollar amount (up to $100,000) directly to CFA.
-Make your gift by December 31, 2017 to qualify as a tax-free charitable IRA rollover for 2017.
-A sample letter is available under Donate Funds on our website: www.cfanj.org
-Make a Gift of Stock:
You can transfer a gift of stock directly to CFA, which allows you to avoid capital gains tax and puts your gift to immediate work. Make your gift by December 31, 2017.
-Creating A Legacy:
Through planned giving, you can continue the philanthropic values you cherished during your lifetime. Include a provision for CFA in your will. By naming CFA in your will you can continue to support the very important work you have supported during your life. A bequest can be made for a specific dollar amount, a percentage of your estate, or a specific asset, such as stock. Sometimes a codicil to your will designating CFA is all you need. Designate CFA as one of the recipients of your life insurance policy, brokerage or savings account. You can select CFA as a primary, secondary or contingent beneficiary. This enables you to increase your giving, ultimately making a larger gift than otherwise might be possible.
Please contact Patricia Espy, CFA’s Executive Director, for more information: 201-569-1804 x24 or firstname.lastname@example.org