Planned giving incorporates your charitable gift with your overall financial, tax, and estate planning goals to maximize benefits to both you and the Art Has Heart Foundation. There can also be significant tax advantages for donating to a 501(c)3 organization . Through a bequest, you may perpetuate your current level of giving or make a major gift that might not otherwise be possible (for instance, you may need to retain liquidity during your lifetime). This type of gift can provide you with comfort in knowing that your generosity will extend beyond your lifetime.
The Art Has Heart Foundation established the Endowment/Scholarship program to promote planned giving and to help donors honor their family name or a deceased loved one through a memorial trust that provides scholarships to talented students needing financial assistance to continue their education. The Foundation generally matches these scholarship donations. The Foundation currently administers the following endowment/scholarship programs:
- The Amado Peña Sr. Endowment
Gifts of Stock or other Annuities
Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
A gift of stock can provide much-needed support for the Art Has Heart Foundation and offer you financial benefits as well. Publicly traded securities (stocks, bonds, etc.) may be transferred to the Art Has Heart Foundation, entitling you to an income tax deduction for the full market value of the securities. With a gift of securities to the Art Has Heart Foundation, you avoid any capital gains taxes you might be liable for if you sell the stock. Gifts of appreciated securities that pay little or no dividends make especially good choices for charitable contributions.
To transfer your securities to the Art Has Heart Foundation, call Mike De Vault, Executive Director at (505)-890-4695.
Because this is such an important decision for you, we encourage you to contact us to discuss your options before making a commitment. We would also be happy to speak to your representative, such as a lawyer or financial advisor. It is highly recommended that you consult with your own tax or legal advisors prior to making a planned gift. For more information or to further discuss planned gifts, feel free to contact Mike De Vault, Executive Director (505-890-4695) or email mike_dvlt@yahoo.com.com.
Matching Gifts
Does your employer have a matching gift program? Many employers offer matching gift programs to encourage employees to contribute to charitable organizations . Most of these programs match contributions dollar for dollar, and some will even double or triple the amount of your gift! To find out if your employer offers matching donations, check with the human resources or corporate giving personnel at your office.