You benefit in two ways when you transfer appreciated stocks and securities: 1) You may avoid capital gains when you donate publicly traded stocks that have been held for more than one year, and 2) You may take the full fair market value of the gift as a charitable deduction on your taxes.
The easiest way to make this kind of gift to Friendship Bridge is to click here to set up a transfer of stock. Or, you can have your broker electronically transfer the stock from your account to ours:
- Account with: RBC Wealth Management
- Broker: Jackie Johnson, AWM Financial Advisor
- Phone: 303-488-3618
- Account Name: Friendship Bridge
- Account Number: 303-14284-1-4
- DTC #: 0235
- Federal Tax ID: 84-1141078
Once you have made a gift of stock, please notify Michelle Winzent, Executive Assistant, at [email protected]. Please be sure to provide your name and address so we know how to thank you.
Qualified Charitable Distributions (QCDs) — If you have reached age 70 ½, you may be able to use distributions from an IRA (including so-called “Required Minimum Distributions”) to make gifts directly from the IRA to charitable organizations and not have to pay any taxes on the amounts so distributed. Ordinarily, income taxes are payable when you take a distribution from an IRA. With a QCD, instead of your paying income taxes, the charity gets the benefit of the entire amount. In some ways, it’s as if you get a charitable deduction for the gift, but you don’t have to itemize deductions to take advantage of this way of giving. Remember: this works only with an IRA (not other types of retirement plans), and the funds must go DIRECTLY from the IRA to the charity. Check with your IRA administrator or financial advisor for more details to see if it makes sense for you to make charitable gifts this way.
The King Soopers Community Rewards program makes fundraising easy by allowing Colorado residents to donate to local organizations based on the shopping they do every day. Once you link your Shopper’s Card to Friendship Bridge, all you have to do is shop and swipe. Any transactions moving forward using the Shopper’s Card number associated with your digital account will be applied to Friendship Bridge at no added cost to you. Search for ‘Friendship Bridge’ or our Organization Number: AW662.
Consider funding a Trust Bank via our partnership with Kiva. By lending as little as $25 on Kiva, anyone can help our clients start or grow a business. Your contribution can be the key factor in ensuring a Trust Bank is successfully funded.
Support Friendship Bridge as you celebrate a loved one. From our donate page, simply let us know who you wish to honor and how you would like the notification to be accomplished. Your recipient will be notified by a card sent via email or standard mail.
Need more information or have questions? Please contact us through our online form, call +1 303-674-0717, or email us at [email protected].