Tax Advantaged Donation Options!

Did you know that you can increase your impact to Save Cuesta Inlet while reducing your tax liability? Be sure to talk to your tax advisor for more details, but here’s a quick rundown of some of the ways you can donate.

Stocks

Donating individual stocks to Save Cuesta Inlet is a great way to get a tax deduction for the full amount of the appreciated stock value, PLUS you don’t pay any capital gains taxes when donating these to a non-profit like Save Cuesta Inlet!

To donate individual stocks, simply visit our donation partner Infinite and fill out this short form. After submitting, you will receive an email with the stock transfer instructions. If you or your broker have any questions, feel free to reach out to support@infinitegiving.com and they will be happy to help you at any point in the process. You can also check out this brief 1-minute video that reviews how to donate stock through Infinite Giving.

Click here to start a Stock Donation

Here is some more information about donating stocks to charity:

• Infinite Giving Stock Donation Page

• Bank of America Stock Donation Page

• Fidelity Charitable Stock Donation Page

Donor Advised Fund (DAF)

If you already have an existing Donor Advised Fund (DAF) that you contribute to, you can simply request to donate to Save Cuesta Inlet either through your existing DAF (like Fidelity Charitable or Vanguard Charitable) or use our partner, Infinite Giving, to allocate funds from from you DAF to Save Cuesta Inlet. You can follow the steps outlined here:

Click here to start a DAF Donation 

Here is some more information about Donor Advised Funds:

• Fidelity Charitable DAF Page

Individual Retirement Accounts (IRA)

Starting at age 70½ you can make a qualified charitable distribution (QCD) directly from your IRA provider to a qualified charity like Save Cuesta Inlet. By making a QCD, this distribution is not treated as income for you, helping reduce your taxable income! Be sure to consult your tax advisor to see if this is right for you.

In order to make a qualified charitable distribution, typically you just need to provide your retirement account administrator (like Fidelity or Vanguard) the charity name, address, and donation amount:

Save Cuesta Inlet Inc.

PO Box 6976

Los Osos, CA 93412-6976

Here is some more information about QCDs:

• Fidelity IRA Donation Page

• IRS Qualified Charitable Distributions Page

Required Minimum Distribution (RMD)

Starting at age 73, you need to make annual withdrawals from your retirement accounts to meet your required minimum distribution (RMD). You can meet this requirement by donating this RMD to Save Cuesta Inlet, which can make it a qualified charitable distribution (QCD). This is a great way to support Save Cuesta Inlet, while meeting your annual RMD needs, and still leveraging those tax benefits. The process for your RMD donation is similar to that for the IRA donation. Be sure to work with your retirement account administrator to address any details.

Remember, since RMDs are an annual requirement, consider setting up a recurring donation to Save Cuesta Inlet to help with ongoing annual support!

Here is some more information about RMDs:

• Charity Navigator RMD Page