Skip to main content

IRA & Stock Gifts

Tax-Smart Giving: IRA and Stock Gifts

Gifts from your IRA and stock gifts may both offer tax advantages.

Owners of Individual Retirement Accounts must begin taking Required Minimum Distributions at age 72. From then on, a permanent tax provision allows you to make gifts to Agnes Scott and other qualified charities directly from your IRA. These gifts are subtracted from your Required Minimum Distributions and do not count as revenue on your taxes. Because this type of gift actually reduces your income, it offers tax benefits even if you do not itemize your deductions. Provide this information to your IRA administrator to make a qualified charitable distribution to Agnes Scott College.

Giving stock directly to Agnes Scott may allow you to increase your gift and your tax deduction. When you give stock shares, you’ll generally take a tax deduction for the full fair market value, which may be more than your original investment. Giving stock may offer significant advantage over giving cash, or selling your appreciated securities and contributing the after-tax proceeds. Consult your financial advisor and visit our stock gift instructions for more information.