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IRA & Stock Gifts

Tax-Smart Giving

Gifts of Appreciated Stock

Giving appreciated stock that you have owned for more than one year 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.

Giving from your IRA

The CARES Act of 2020 suspended the Required Minimum Distribution (RMD) from Individual Retirement Accounts for IRA owners aged 72 and older until December 31, 2020. However, if you are 70 ½ years young or older, there are still good reasons to make a Qualified Charitable Distribution from your IRA in 2020.

If your annual charitable giving is less than the federal standard deduction of $24,000, a QCD is a way to make a charitable gift and enjoy tax benefits similar to an itemized income tax charitable deduction. For those with large retirement plans that have grown substantially in 2020, a QCD in 2020 can reduce your plan balance so RMDs required in 2021 will not be as large. Consult your financial advisor to see if a QCD will help you, and provide this information to your IRA administrator to initiate a QCD.