Charitable Giving

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Below you will find more information on how you can support the mission of Barton College and take advantage of various tax benefits. Whatever your charitable giving goal, the Office of Institutional Advancement stands ready to support you.

Barton College's Tax ID / EIN Number: 56-0529933

APPRECIATED ASSETS ARE TAX-EFFECTIVE GIFTS

Gifts of appreciated assets like stock, securities, mutual funds, closely held stock, real property, and others are often tax-effective gifts, especially when capital gains taxes can be avoided. Charitable gifts of long-term appreciated assets are deductible up to 30% of your adjusted gross income and alleviate capital gains taxes if you sold the asset.

IRA QUALIFIED CHARITABLE DISTRIBUTIONS

If you are 70 1/2 or older, you can transfer up to $100,000 annually from IRA accounts to a qualified public charity like Barton College without having to recognize the distribution as income. The Qualified Charitable Distribution (QCD) must be made directly to Barton College from one’s IRA account and can not be made to a third party such as a donor advised fund. By making a QCD from your IRA, you can avoid paying income tax on your withdrawal, and your donation will help further the mission of Barton College.

"BUNDLING" CHARITABLE GIFTS

Individuals who want to maximize their charitable donations and itemize in 2021 can “bundle” their charitable gifts — i.e., make two or more years’ worth of charitable contributions in a single year. This strategy helps push taxpayers over the itemizing threshold, where they can reap the benefit of deducting the full value of their donations. A good example might be someone interested in establishing a new endowed scholarship.

As always, check with your financial advisor or other professional advisor to determine what type of giving is most appropriate for you.