Make a Tax-Deductible Gift for the 2011 Tax Year
The end of the year is fast-approaching. There are several ways for you to make a tax-advantaged gift to United Way of Central Maryland (UWCM) before 2011 comes to a close:
ONLINE DONATION
• Make a donation on our secure online giving site with your credit card.
• Visit www.uwcm.org/give to make a difference – it just takes a minute.
GIFT OF STOCK
• Appreciated stock can be gifted for full current value, and avoids the capital-gain taxation.
• The proceeds of depreciated stock can be gifted with the donor able to claim a loss of up to $3,000.
CHARITABLE GIFT ANNUITIES
• Available to individuals ages 60 and older.
• Even in the current low interest rate environment, annuity rates exceed 5.3% for someone age 65.
• As a donor, you receive income for life and UWCM ultimately receives the balance left in your annuity account.
• Some tax deductions apply in the year of gift annuity funding.
CHARITABLE IRA ROLLOVER
• This opportunity expires December 31, 2011.
• Available to individuals ages 70 ½ and older.
• Limited to $100,000 per donor.
• Applies to IRAs only.
• No income tax on funds transferred directly to UWCM from IRA (ideal for funding a “planned gift”).
• Gifts can be used to satisfy the minimum distribution requirement for 2011.
• UWCM can provide you with a sample letter or sample email to send your IRA custodian.
For further information on year-end giving opportunities, please contact Roger Calvert at 410-895-1567 or This email address is being protected from spambots. You need JavaScript enabled to view it. . To fill out a declaration of intent form, please click here.
