Smart Ways to Give
Learn about giving back to families in medical crisis through Gifts of Stock and Donor Advised Funds.
Learn about giving back to families in medical crisis through Gifts of Stock and Donor Advised Funds.
By transferring stock to Ronald McDonald House Richmond, you can make a larger gift than if you sold the stock and gave cash to the organization.
By making a gift of stock, you avoid paying capital gains tax on the shares you transfer.
You are eligible to receive an income tax deduction for the full fair-market value of the stock at the time of the gift.
The Donor-Advised Fund (DAF) is an increasingly popular way to make a charitable gift. DAFs can provide you with immediate tax benefits while making your charitable giving easier.
Here are two simple ways you can make a gift through your DAF:
You can select the option that best suits your philanthropic and financial goals to support Ronald McDonald House Richmond. Just contact your Donor-Advised Fund administrator to recommend a grant to Ronald McDonald House Richmond or to discuss a succession plan.
You establish a Donor-Advised Fund at a sponsoring charity. This could be a community foundation, a public charity with a Donor-Advised Fund program, or even one of the well-known financial services companies that sponsor Donor-Advised Funds. Check with the sponsor about the minimum contribution required to start a Donor-Advised Fund, which typically range from $5,000 to $25,000. The sponsor may allow you to give your Donor-Advised Fund a unique name.
Then, make an initial contribution to start your Fund. You can contribute cash or appreciated assets such as stocks or mutual funds. You’ll get an immediate income tax charitable deduction for your contribution that could reduce your taxes if you itemize.
Once established and funded, you can recommend that your favorite public charities, such as Ronald McDonald House Richmond, receive grants from your Donor-Advised Fund. Most Donor-Advised Funds have a minimum grant recommendation, or you can recommend distributing the entire balance of your Donor-Advised Fund for a cause important to you.
You do not get an additional income tax charitable deduction for these grants.
You can also create a succession plan with your Fund sponsor to recommend that some or all of the remaining assets in your fund at your passing go to Ronald McDonald House Richmond and other charities that are important to you.
Ronald McDonald House Richmond is grateful for grants that come from Donor-Advised Funds. If you are considering establishing a Donor-Advised Fund, we can suggest several sponsors for your review. You should also consult your professional advisor for guidance.
If you include Ronald McDonald House Richmond in your plans, please let us know and be sure to use our legal name and federal tax ID.
Legal Name: Ronald McDonald House Richmond
Address: 2330 Monument Avenue Richmond, VA 23220
Federal Tax ID Number: 52-1359486
Reach out to development@ronaldmcdonaldhouserva.org.