Year End IRA & Stock Giving Opportunities

Dear Friend,

There are many ways by which you can participate in the life of Thomas Aquinas College and can help educate young men and women in the intellectual and moral tradition of the Catholic Church. Two ways come to mind at this time of the year.

Special IRA Giving Opportunity

Congress has made permanent the popular provision in the tax law that allows donors to make distributions directly from their traditional and Roth IRAs to qualified charities such as Thomas Aquinas College. Such gifts may be counted as the annual minimum required distribution (MRD), but they are not included in adjusted gross income, so they are not subject to federal or (in most cases) state income taxation. Making gifts from IRA funds that would otherwise lead to increased taxes can be a wise choice.

Gifts of Appreciated Stock

Contributing appreciated stocks to the College can be a great idea!

Capital gains taxes on the stock are avoided. And if you itemize your deductions, you will be eligible to receive an income tax charitable deduction for the full fair market value of the stock at the time of the gift. Your gift of stock is fully deductible up to 30 percent of your adjusted gross income. For example, if your AGI is $100,000, you may deduct $30,000; any excess can be deducted from your AGI over the next five years. To qualify for these special tax advantages, the security must have been held for at least one year.

For more information about these special ways of supporting our students, please check with the College, your IRA administrator or your tax advisor.

May you and your loved ones enjoy the merriest Christmas ever!