Your year-end charitable giving decisions are important
| Tax-Savvy Year-End Giving Tips |
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| Dear Supporter, The end of the calendar year is here! Your year-end charitable giving decisions are important. Tax Incentives for 2022 Only Cash gifts for itemizers: you can deduct up to 100% of Adjusted Gross Income (AGI).
• Consider accelerating planned 2023 cash gifts into 2022 to take full advantage.
Make a gift online now Other Reminders Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA) If you are age 70½ or older, a QCD allows you to contribute up to $100,000 from your IRA directly to AICR and pay no federal income tax on the withdrawal.
Learn More about IRAs and QCDs Gifts of Appreciated Securities By giving appreciated securities you have owned for more than a year, you enhance your tax benefits. You receive a tax deduction for the value at the time of your gift and you avoid the capital gains tax that you would have owed if you sold the stock. Please be sure to contact your investment advisor now because most firms have strict rules regarding the time you must contact them to make year-end security gifts. Year-end is also a time when investment advisors make portfolio changes to rebalance for diversification purposes making this a perfect time to identify appreciated assets for gifting.
Learn More about Appreciated Securities Donor Advised Fund Distributions Many of you enjoy the tax benefits and flexibility of a donor advised fund.
Year-end is a great time to request a grant for AICR.
Learn More about DAF Distributions Charitable Gift Annuities—a great strategy for 2022! You make a gift to AICR and AICR pays you guaranteed income for life, regardless of market volatility. Your annuity rate is based upon your age, the date of your gift, and when your annuity payments begin. If you use cash to create your gift annuity in 2022, you can deduct up to 100% of AGI. Recent changes in annuity rates allow for a larger tax deduction than in some prior years. A gift annuity established using cash pays a significant amount of tax-free income. If you are age 50 or older, please ask us for a personalized illustration so we can show you how a gift to AICR can give you guaranteed income for life.
Learn More about Gift Annuities Please do not hesitate to contact our Office of Gift Planning to discuss year-end strategies you would like to consider at 800-843-8114. |
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| | | P.S. Please consult your own tax, investment, and legal advisors to determine if a gift strategy is right for you. |
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| American Institute for Cancer Research We fund cutting-edge research and give people practical tools and
information to help them prevent — and survive — cancer. Learn more at aicr.org |
| | 1560 Wilson Boulevard, Suite 1000, Arlington, VA 22209 | Phone: (800) 843-8114 | Fax: (202) 328-7226 |
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