Thank you for your interest in partnering with Love INC National through one of these planned giving options.
Through your support, Love INC works to mobilize nearly 6,000 churches to meet the needs of thousands of neighbors across the United States. Many lives have been transformed, and have broken out of the cycle of hardship through the help of the Love INC movement. We are so grateful, but there’s much more work to be done and many more communities to reach.
As 2024 draws to a close, now is a great time to plan in a way that can transform the lives of many, and simultaneously offer you a tax advantage when given before midnight on December 31st!
Below are 3 easy ways to support Love INC National and enhance your tax benefits. Your contributions will help continue God’s work in training, equipping, and uniting churches and their congregations to meet the needs of their neighbors, becoming the hands and feet of Christ.
IRA
Give a Qualified Charitable Distribution (QCD) from your IRA. If you’re 70½ or older, you can give up to $105,000 without adding to your taxable income for the year. Here are some benefits of making a QCD through a traditional IRA account:
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it is not included in your adjusted gross income for the year
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if you are 73 or older, it often can count toward your Required Minimum Distribution (RMD)
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it gives the opportunity to plan your giving into the future by designating Love INC National as a beneficiary
APPRECIATED ASSETS
Donate appreciated stocks that you have held for more than 12 months, and you will often avoid capital gains tax. Directly donating the stock vs cashing out and then donating the income will result in a higher charitable gift overall.
DONOR ADVISED FUND (DAF)
DAFs are one of the most tax-efficient ways to give to Love INC National! If you give through a DAF you can enjoy these benefits:
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Give freely without touching your ready capital
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Receive an immediate tax deduction, even if the funds are advised to be given at a later date
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Can be given as unrestricted or as a grant for a specific cause
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Gives the opportunity to plan your giving into the future by designating Love INC National as a successor
If you would like more information on any of these planned giving strategies, or need more information on how to give, please contact our Donor Relations Representative, Laura Wold at laura.wold@loveinc.org