IRAs, Stock, DAFs

IRAs, DAFs, Stock

HSWM Tax ID Number: 38-1360926
Address: 3077 Wilson Dr NW Grand Rapids, MI 4953

The act of generosity takes many forms and there are many ways to give! Supporting causes that matter to you is one of the most important decisions you can make. With your support to HSWM, you’ll leave a lasting legacy that provides the loving, responsible care of all animals in our community.

IRA Charitable Rollover Gifts

Satisfy your required minimum distribution (RMD) while also saving taxes and animals! A charitable rollover gift (also referred to as a qualified charitable distribution or QCD) provides you an opportunity to make a gift from an asset that would be subject to multiple levels of taxation if it remained in your taxable estate.

Details (set forth by the government):

You must be 70½ or older at the time of the gift.
The transfers must originate from a traditional IRA or Roth account.
Your plan provider must issue the donation directly to the charity.
You will benefit from giving, even if you do not itemize deductions.
The transfer may be made in addition to other charitable giving you have.
Note: 2023 legislation raises the required minimum distribution (RMD) age (previously 72) to 73. The age for QCD eligibility is still 70½.

Contact your IRA administrator or plan provider to discuss your gift intent. They will provide instructions on how to transfer funds to HSW – Tax ID Number: 38-1360926. Have your provider add your name and contact information on the gift form so we may send a receipt/thank you.

Contact our team at [email protected] with any questions!

Donor Advised Funds

A Donor-Advised Fund (DAF) allows individuals to make charitable contributions and receive an immediate tax deduction. The funds are managed by a DAF custodian, and the donor can recommend grants to their preferred nonprofit organizations.

Donors can contribute to the fund over time and recommend grants to charities at their discretion, providing flexibility in their giving strategy.

If you would like to donate through your DAF, please contact your holding organization and recommend a gift to HSWM! Additionally, please notify us of your gift by emailing [email protected].

Stocks, Securities, & Mutual Funds

Numerous supporters choose to donate stocks, securities, or mutual funds instead of gifts of cash. This process is incredibly simple and highly impactful!

Giving appreciated assets such as these can help you avoid paying capital gains taxes, and give you an income tax deduction for the full value of the gift (if you’ve had the assets for more than one year).

Benefits:

Donation of assets can often save you far more on taxes than gifts of cash
Avoid all capital gains taxes
Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
Make an immediate impact on HSWM's mission

Please contact [email protected] for stock transfer details.