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Possible Funding Assets

Donating IRA Assets to Charity at Death

The owner of an IRA must complete a designation form that directs where the remaining assets in the IRA should go at the owner's death. A series of IRS private letter rulings have made clear that if the owner designates some or all of the IRA assets outright to charity, the assets will not be subject to ordinary income tax or federal estate tax.

Donating IRA Assets to Charity During Life

Ordinarily, the only way to donate IRA assets during life is by first withdrawing the funds and then donating them.  In this case, the donor must declare the withdrawn assets as income and then may take an offsetting charitable deduction for the gift.  Depending on the donor's tax situation, the deduction may or may not entirely offset the additional income the donor must report.

Gifts of Gold

Many people invest in gold. Their motivations may vary, but the important reality is that your organization likely has numerous supporters with substantial holdings of gold. In many cases, these supporters could make an excellent charitable gift with some or all of their gold. There are, however, several special considerations to be aware of when discussing a gift of gold with a donor.

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