Compassionate Giving via Non-Cash, Asset-Based Options

Posted:Thursday, January 18, 2024

By Marla Gamze, MTF Development and Communications Manager

The Massage Therapy Foundation (MTF) greatly appreciates our generous donors who contribute to our mission in so many ways. Your support, in all its forms, empowers MTF to achieve our goals. There are many options for charitable giving. Here is an overview of some alternatives that are asset-based and that may provide donors with tax and financial benefits.

It’s essential to work with your financial advisors to identify the most tax-efficient assets for supporting causes you are passionate about, like the MTF.

Donor-Advised Funds (DAFs): One popular option for strategic giving is DAFs. These funds allow individuals to contribute to a central fund and subsequently recommend grants to charitable organizations over time. The flexibility afforded by DAFs empowers donors to thoughtfully plan and execute their giving strategy.

Stocks and Real Estate: Contributing appreciated stocks or real estate is a financially efficient and impactful way that donors may potentially avoid capital gains taxes while making a substantial contribution to the organizations they believe in.

Wills and Bequests: For those who wish to leave a lasting legacy, including charitable bequests in wills is a powerful option. By outlining specific instructions in their wills, individuals can ensure that their assets continue to serve charitable purposes even after their passing. Naming a charity as the beneficiary of non-probate assets is a meaningful gesture toward supporting causes that matter.

Non-Probate Assets: Certain assets, such as 401(k) accounts and life insurance policies, pass on to beneficiaries outside of the last will and testament. By designating a charity as a beneficiary in separate forms, donors can contribute to causes they care about without impacting their assets during their lifetime.

Cryptocurrency: In recent years, cryptocurrency donations have emerged as a unique and innovative way to give back. Donors can contribute various cryptocurrencies directly to charitable organizations, providing essential resources in the digital age and fostering positive change.

Qualified Charitable Distributions (QCDs) from Retirement Accounts: People aged 70.5 and older can make a significant impact by donating funds from their IRA accounts directly to qualifying nonprofits.

Stay tuned for future articles from MTF, where we will delve deeper into non-cash giving options. Together, we can continue to create a brighter, more compassionate world through your strategic and thoughtful charitable giving. Thank you for being the driving force behind MTF’s research, education, and community service.