The Summit Center’s Post

On average, stock gifts to nonprofits are 100X larger than cash gifts. Tax season is the best time to cultivate these gifts with donors with outreach sharing the tax benefits of stock giving. Download our stock outreach templates to become a trusted partner to your donors this tax season: https://bit.ly/49YFxmI

With Ultimate Nonprofit Checking you can earn up to 5.0% APY and bank with no monthly fees, transaction limits, deposit fees, or minimum balance requirements. It's nonprofit checking that fits your needs. See what our nonprofit banking can do for you at buff.ly/3S7Evxg.

In 2022, required minimum distributions (RMDs) from your IRAs start at age 72. To avoid a painful tax bill and help make a difference, consider contributing your RMD to qualified charities instead. Want more ways to avoid RMD taxes? https://lnkd.in/gt4VMN66

Does it feel overwhelming to start a major gifts program in 2024? 😩 What if you could raise more money from the same donors as last year in just one hour per week? 😃 You can. Without the overwhelm. We have a step-by-step system to get you started. You do NOT have to write anything new.  You do NOT have to reinvent the wheel.  You CAN use our proven templates, scripts, and checklists. You'll have more time to connect with major donors. That means more money for your mission and more impact. If this sounds like something you need, join the Values-Based Major Gifts Academy. https://lnkd.in/ghbXAu8H Better yet, you can bring your whole team for only $1,097.

In 2022, required minimum distributions (RMDs) from your IRAs start at age 72. To avoid a painful tax bill and help make a difference, consider contributing your RMD to qualified charities instead. Want more ways to avoid RMD taxes? https://lnkd.in/gt4VMN66

Where is that receipt?! Its about that time of year when people begin scrambling to put together all their receipts and donor acknowledgement letters to give over to their accountants. Don’t be that organization that turns off donors by not properly acknowledging their gifts! If you haven’t processed these already, make sure to get them sent out ASAP. For a quick summary of your receipt requirements as well as some other forms that may be necessary to file, see this great FORVIS #FORsights article by April Arnold, CPA. Reach out for any assistance! #FORVISreminders

Tax season has begun! 🧾 Did you know you can make a charitable contribution to Children’s Trust when you file your individual income tax return? It only takes a couple of steps. Learn more at bit.ly/3urr6Ix!

Don't overlook the power of your charitable contributions this tax season! At Neely's Accounting, we want to remind you that even smaller donations like clothing or household goods can make a big difference—and they can add up on your tax return too! Just remember to keep solid documentation of your good deeds to ensure you maximize your deductions. Check out more commonly overlooked tax deductions: https://lnkd.in/e7b4DT7Z

Unlock the power of charitable bequests in reducing estate tax! Discover how donating publicly traded securities through a will can provide substantial tax benefits. With the ability to select or authorize the gifting of securities, your estate can receive a tax receipt for the appreciated value of the gift, while benefiting from waived capital gains taxes. Learn more about this impactful strategy at: https://lnkd.in/dVnmMgJ

As of 2023, an exempt gift is a gift, or series of gifts, with a value of less than $17,000 from one person to another, made over the course of a calendar year. Gifts to your spouse or to charities are exempt regardless of size. Each person has their own $17,000 exemption limit. So combined, a married couple can jointly gift up to $34,000 in a year. 💰 Learn more about when you would need to file a gift tax return on the blog at https://bit.ly/46Ekh3F