Assets

Giving Stocks or Appreciated Assets

One of the most tax-efficient ways to support Neighbor to Neighbor is through donating stocks or appreciated assets. By transferring appreciated securities directly to our nonprofit, you can avoid paying capital gains tax that would otherwise arise from selling these assets. Furthermore, if you have held the securities for more than a year, you are entitled to a tax deduction for their full market value, up to 30% of your adjusted gross income. This means your contribution could be larger, and its impact more profound, than if you had sold the assets and donated the after-tax proceeds.

Qualified Charitable Distributions (QCDs)

If you are aged 70½ years or older, you can make a Qualified Charitable Distribution from your Individual Retirement Account (IRA) directly to Neighbor to Neighbor of South Carolina. QCDs can satisfy your Required Minimum Distribution (RMD), up to $100,000 per annum, without being included in your taxable income. This is particularly advantageous for those who do not need their RMD for personal expenses and wish to reduce their taxable income while supporting a cause close to their heart.

Grants from Donor Advised Funds (DAFs)

Donor Advised Funds offer a flexible and tax-efficient way to manage your charitable giving. You can receive an immediate tax deduction when you contribute cash, securities, or other assets to a DAF and then recommend grants to your favorite charities, such as Neighbor to Neighbor, over time. This approach allows you to make a charitable contribution now and decide when the funds will be disbursed, giving you the freedom to plan your giving in a way that aligns with your financial goals.

Each of these giving strategies carries its unique benefits, and we recommend consulting with your financial advisor to determine which approach best suits your philanthropic and financial objectives.

Your support, in any form, is invaluable to us. It enables Neighbor to Neighbor of South Carolina to continue our vital work in strengthening our communities and providing essential services to those in need.

Need Help?

We’re here to support you every step of the way. If you have questions or need assistance, please contact our Development Office at 843-212-7003 or email crystal.hummer@n2ncarolinas.org .  Thank you for your dedication and generosity. Together, we can make a lasting impact in our community!