As you begin to prepare your taxes, consider a gift to the Pulmonary Hypertension Association that could have tax benefits for you.
While cash donations are a significant component of PHA’s revenue, there are other ways to give that can maximize your contribution and potentially create addition financial benefits for you.
These “smart giving” options include:
- Appreciated stock or cryptocurrency
- Qualified charitable distributions from your IRA (if you’re over 70½)
- Recommended grants from donor-advised funds
Smart giving options help donors make a greater impact on PHA’s mission while making financial decisions that align with personal and charitable goals.
For many donors, non-cash gifts offer significantly more tax savings. For example, stock gifts allow donors to avoid federal capital gains tax, and most donors can claim an income tax deduction for the stock’s full market value.
Making a gift from an IRA if you’re 70½ or older can support PHA while potentially meeting minimum distribution requirements and excluding the amount donated from taxable income.
PHA has seen a significant increase in non-cash giving in recent years, particularly from donor-advised funds and qualified charitable deductions.
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