Additional Ways to Support Community Impact

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18
Dec
News

Additional Ways to Support Community Impact

December 18, 2018
 
 
 
 
 
 
 
 
IRA Rollover Gifts for Donors 70 1/2 or older
 
How It Works:
 
1. You are 70 1⁄2 or older and instruct your plan administrator to make a direct transfer of up to $100,000 to Community Impact
 
2. Your plan administrator makes the transfer as directed to Community Impact
 
3. Contact Janet Diminich, Assistant Director of Development, at jd3417@columbia.edu or 212-854-5959 in order to make a gift 
 
 
Benefits: 
 
1. Your gift is transferred directly to Community Impact and since you do not receive the funds, they are not included in your gross income*
 
2. Your gift will count towards your minimum distribution requirement 
 
3. You support the programs that are important to you at Community Impact
 
*No income-tax deduction is allowed for the transfer
 
 
Gifts by Wills or Living Trusts
 
How It Works:
 
1. You include a bequest provision in your will or revocable trust
 
2. At your death, Community Impact receives the bequest you specified
 
3. Contact Janet Diminich, Assistant Director of Development, at jd3417@columbia.edu or 212-854-5959 in order to make a gift 
 
Benefits: 
 
1. You may change your bequest or trust designation at any time 
 
2. You control the funding property during your lifetime 
 
3. Your bequest or trust designation will not be subject to any potential federal estate tax
 
4. You provide future support to Community Impact
 
 
Stock Gifts
 
How it Works:
 
1. Contact Janet Diminich, Assistant Director of Development, at jd3417@columbia.edu or 212-854-5959 in order to donate appreciated stock 
 
Benefits:
 
1. Avoid the long-term capital gain tax on any appreciation in the value of the stock
 
2. Receive a federal income-tax deduction for the full fair-market value of the securities
 
3. Your gift will support Community Impact as you designate