The Dallas Foundation can accept many different types of assets as gifts.
From simple to complex donations, we work with your legal and tax advisors to help fulfill your charitable goals while providing maximum tax benefits. Gifts of cash, appreciated securities, closely held stock, real estate and other tangible property are accepted.
Donors may also choose to perpetuate their legacy and support the causes and charities they love by naming The Dallas Foundation in their will, trust or retirement account. Sample language to include in your estate plan may be found here. Visit the Leave a Legacy page to get more information on planned giving.
Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to The Dallas Foundation.
Benefits of Gifts of Stocks and Bonds
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
How to make a Gift of Stock and Bonds
By electronic transfer: Please click here for instructions on transferring stock or bonds from your brokerage or investment account to The Dallas Foundation.
By certified mail: If you hold securities in certificate form, you will need to send--by certified mail-- two separate envelopes to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on Gifts of Stock and Bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
The Dallas Foundation
Reagan Place at Old Parkland
3963 Maple Avenue, Suite 390
Dallas, TX 5219
IRAs and Qualified Charitable Distributions
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, you may also be interested in a way to lower the income and taxes from your IRA withdrawals. A Qualified Charitable Distribution (QCD) from your IRA to The Dallas Foundation is one way you can help our community and enjoy a tax benefit this year.
Through a Qualified Charitable Distribution, you are allowed to withdraw funds from your IRA with the intention of donating them directly to a qualified charity such as The Dallas Foundation. QCDs are particularly helpful when you are required to take a required minimum distribution from a traditional IRA, an inactive SIMPLE IRA, an inactive SEP-IRA or an inherited IRA.
Here are the rules:
- You must be 70 ½ or older
- You must have a retirement account (most IRAs can make QCDs)
- The maximum annual amount that can qualify as a QCD is $100,000 and the sum of multiple QCDs cannot exceed $100,000. Any amount more than $100,000 does not qualify towards the required minimum distribution nor does it rollover to the next year.
- If you file jointly with a spouse, you may both make QCDs up to $100,000
- QCDs cannot be made to a donor advised fund. However, since The Dallas Foundation is a 501(c)(3), you can still make your QCD to the Foundation since we have other programs that you are able to fund outside of your DAF.
The Dallas Foundation has several programs that can be supported by a QCD:
- A Designated Fund (setup by an individual donor): A Designated Fund can be setup to support a donor's favorite charities. Although the charities must be pre-selected and cannot be changed, the donor can still make recommendations as to the amount and timing of the distributions.
- A Field of Interest Fund: A Field of Interest Fund can be setup to support a donor's favorite cause whether it's fostering the arts, providing support to low-income families, preserving the environment or any other worthwhile cause. The Dallas Foundation will work with you to establish the criteria for awarding grants through a competitive process (recommended gift size is $100K).
- The Community Impact Fund: Supports innovative solutions to community problems which enhance the quality of community life in Greater Dallas.
- The Accelerator Fund: To strengthen nonprofit organizational capacity and impact. A $10,000 co-investment allows a donor to participate in decisions about grants made from the Accelerator Fund in the year(s) of their gift.
- The Mary M. Jalonick Women's Philanthropy Institute: An initiative to educate and activate women donors to be engaged in their community as donors, advocates, and volunteers. A gift of $10,000 will qualify for the Founder's Circle and Lifetime Membership.??
If you have any questions about make a Qualified Charitable Distribution, please Contact Us. We would be happy to assist you and answer any questions you might have.