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In addition to cash gifts, there are a number of other ways to support RSF that may be beneficial to you from a tax or financial planning standpoint.


Gifts of appreciated stock.  The value of a gift of appreciated stock is based on the fair market value of the stock when contributed. The donor receives a fair market value deduction, without having to recognize any gain on the appreciation in the value of the stock.  Since RSF is a nonprofit entity, the sale by RSF of donated stock does not generate a taxable gain. MORE INFORMATION


Gifts from an IRA. For individuals over 72 years of age, a transfer directly from an IRA or other retirement plan directly to charity may be a beneficial tax strategy.  A donor who transfers his/her annual required minimum distribution to charity does not have to recognize the distribution in income.  MORE INFORMATION


Donor Advised Funds and Private Foundations.  The 2018 Tax Act increased the limit for itemized deductions, potentially reducing the tax benefit of charitable gifts.  One approach to maximizing the charitable deduction is to bunch charitable contributions in a single year such that total itemized deductions exceed the standard deduction.  Donors may also consider a donor advised fund or private foundation.


A donor advised fund may provide a vehicle for making a large contribution in a single year, while continuing to support favorite charities on an annual basis.  A donor advised fund is a fund maintained by a public charity consisting of contributions made by a donor and over which the donor retains the opportunity to recommend the charities to which funds are distributed.  The benefit of the donor advised fund is that it allows for a relatively large charitable donation upon contribution to the fund; however, distributions from the fund to the donor’s favorite charities can be made in smaller amounts over time.  A donor advised fund is an alternative to a private foundation which provides similar benefits but generally involves more complex compliance responsibilities.  MORE INFORMATION


Charitable Remainder Trust.  While a charitable deduction generally requires a donor to relinquish control of an asset entirely, a charitable remainder trust preserves lifetime benefits to the donor and a future benefit to charity.  A charitable remainder trust is a trust arrangement that allows the donor to retain an income stream during life, with the remainder of the trust assets passing to the charity at death.  The donor receives a charitable deduction when the charitable remainder trust is funded based on the actuarial value of the gift to charity.  MORE INFORMATION


The foregoing is a general discussion of various charitable giving strategies and not intended as tax advice.  Donors should consult with their own tax advisors regarding the impact of various charitable giving strategies on their specific tax and financial planning objectives.


Rossmoor Scholarship Foundation is a nonprofit public benefit corporation exempt from tax under IRC section 501(c)(3).  Its federal tax identification number is 94-6126368. It. The address of the Foundation is P.O. Box 2056, Walnut Creek, CA 94595

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