Ways to Give

Gifts of appreciated securities, owned more than one year, offer important tax advantages. With these types of gifts their full market value is deductible as a charitable contribution and allows you to claim up to 30% of your adjusted gross income each year when you itemize deductions.  

As with gifts of cash, deduction amounts that exceed the limit may be carried forward into as many as five additional years. In addition, you will not have to pay federal or state capital gains tax on the appreciated portion of the gift.

On a case-by-case basis, Waco Foundation accepts gifts of real estate such as houses or other personal residences, farms, commercial buildings, land and income-producing property. A gift of real estate that you have owned for more than a year may entitle you to the same federal tax advantages available for gifts of securities: a tax deduction for the fair market value of the property while minimizing and often eliminating the capital gains tax that otherwise would be upon the sale of the property.

On December 18, 2015, the Individual Retirement Account (IRA) Charitable Rollover provision passed through Congress and was made permanent. This provision allows individuals who have reached age 70 ½ to donate up to $100,000 from their IRA directly to a public charity. The donor is then able to exclude the direct rollover from taxable income. This provision is a popular way to make a charitable contribution while also satisfying IRA minimum distribution requirements without impacting taxable income.

If you would like to take advantage of the IRA Charitable Rollover, you can fill out the IRA Charitable Rollover Gift Request form and return it to Waco Foundation.

Waco Foundation accepts gifts of closely held stock, limited partnership interests and interests in limited liability companies. Like other appreciated property, these types of gifts may be the most tax advantageous way for a donor to make a significant donation. These types of gifts can be more complicated and involved and require prior approval by our Board of Trustees. We have accepted a number of these assets and our knowledgeable staff can help coordinate the details with you and your advisors.      

• Bequests
• Beneficiary Designations
• Charitable Trusts

• Sample Bequest of Remainder of Estate: I give, devise and bequeath to Waco Foundation Tax I. D. #74-6054628, a nonprofit organization as described in section 170(b) of the Internal Revenue Code, all [or state the fraction or percentage] of the rest, residue and remainder of my estate, both real and personal. Waco Foundation may be contacted at 1227 N. Valley Mills Drive, Suite 235, Waco, Texas 76710.
• Sample Bequest of Specific Amount: I give, devise and bequeath $_____ to Waco Foundation Tax I. D. #74-6054628, a nonprofit organization as described in section 170(b) of the Internal Revenue Code.  Waco Foundation may be contacted at 1227 N. Valley Mills Drive, Suite 235, Waco, Texas 76710.