When considering a charitable gift, many people naturally think of writing a check or making a cash contribution. But there are other ways to give that may also offer tax advantages while helping you make a lasting charitable impact.

Individuals age 70½ or older may be able to make a Qualified Charitable Distribution (QCD) directly from an IRA. A QCD may reduce taxable income and can count toward a Required Minimum Distribution (RMD).

Donating appreciated stock or other securities may also offer tax benefits. You may be able to avoid capital gains taxes on the appreciation while receiving a charitable deduction for the fair market value of the securities.

IRA distributions and gifts of stock can be directed to an existing ECCF endowment fund or used to establish a fund in honor of your family, organization, or another meaningful legacy. Contributions are invested over time, creating an ongoing source of support for the causes and organizations that matter most to you.

Contact Joe Carlson at the Eau Claire Community Foundation to learn more. ECCF can also work alongside your financial advisor to help make the giving process simple.