Edition 5.5 - December 19, 2024
Make the Most of Your Year-End Giving
I typically share our round-up of stories at the end of each month. However, with the year coming to a close, I wanted to take a moment to provide some helpful information and tips to maximize the impact of your charitable giving. I had the opportunity to collaborate with our Senior Director of Gift Planning to create this resource for you!
Before diving in, a quick note about PIH: We are committed to ensuring that every dollar counts toward saving lives and strengthening health systems worldwide. Your support makes this work possible—whether through cash donations, stocks, or even cryptocurrency.
Without further ado, here’s everything you need to know to make the most of your year-end giving. 👇
Why Tax-Smart Giving Matters To YOU ✍️
Although only 5% of America’s wealth is held in cash, most supporters give to nonprofits via checks or credit cards. But did you know that giving from assets—rather than disposable income—can allow you to be even more generous while providing you with added benefits?
When you give from assets, you’re not reallocating funds needed for everyday expenses like vacations, gifts, or bills. Non-cash giving can also offer perks such as additional tax savings, creating an income stream for retirement, or satisfying required minimum distributions.
PIH has a dedicated team ready to help you maximize your impact—not by giving more often or writing a larger check, but by giving differently. Together, we can amplify our impact in 2024 and beyond!
Last year, our donors’ thoughtful generosity helped PIH provide 2.1 million women’s health checkups around the world! Thank you!
Your Guide to Smarter Giving 📚
Appreciated Stock: Consider donating your appreciated stock to PIH to avoid paying taxes on the capital gains! If you itemize deductions and have owned the stock for more than a year, you may be eligible for a charitable deduction for the full fair market value of the donated assets.
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Cryptocurrency: Crypto is taxed similarly to stocks or real property and is subject to capital gains tax. When you gift cryptocurrency to PIH, you can avoid the taxable sale of the asset, potentially saving more for yourself while making a greater impact.
Donor-Advised Fund Distributions: For donors who give through a Donor-Advised Fund, you can put your earmarked philanthropic dollars to work today. You can initiate your gift through PIH’s no-fee tool that connects directly to over 1,000 Donor-Advised Funds.
Employer Matching Gifts: Already given this year? A matching gift from your employer could double or even triple your impact. Use PIH’s search tool to see if your employer participates in matching donations.
Aligning Your Financial and Philanthropic Goals in Retirement 📆
IRA Qualified Charitable Distributions (QCDs): Are you 70½ or older, and do you have a traditional IRA? In many cases, IRA giving is 100% tax-free and can help you fulfill your required minimum distribution. Learn more and make your first qualified charitable distribution to PIH!
Charitable Gift Annuities: Are you at least 60 years old? By donating cash or securities to PIH, you can receive fixed income payments for life. Run a sample calculation or request a personalized illustration to see how this option aligns with your goals.
Your Impact ‼️
Investing in Health Equity: Learn how Barbara Carson from Vermont aligned her stock portfolio with her values, dramatically increasing her giving to PIH while enjoying significant tax savings—without reducing her disposable income.
Your gift is more than a donation; it’s a commitment to health equity and justice. Check out our favorite moments of impact from 2024 to see how your trust and generosity help transform lives.
The gift planning material presented on this website is not offered as legal, tax, or financial advice. Prospective supporters are urged to consult with a financial advisor or accountant before making any arrangements or gifts.