As we approach the end of the tax year, your gifts can make a big impact on our neighbors in need– and be a tax benefit to you as well.
Donate Your Required Minimum Distributions
If you are over the age of 70½ , and have a Required Minimum Distribution from an IRA, you can donate your RMDs directly to us because we are a qualified 501(c)(3) public charity. In doing so, this distribution is not subject to income tax.
Donate Stocks and Mutual Funds
If you have an stock or mutual fund that you have owned for more than a year and it has substantial capital gains, instead of selling the investment and be subject to capital gain taxes, consider donating the stock or mutual fund directly to Williamsburg House of Mercy. In doing so, you can take a charitable deduction for the stock’s fair market value on the day you donate the stock if you itemize your deductions.
Add Williamsburg House of Mercy to Your Family’s Legacy
Give your heirs a wonderful gift by including Williamsburg House of Mercy in your estate. By adding us as a beneficiary to your IRA or annuity, you can teach your heirs how important the mission and work of our services are to you and help us continue to serve for generations to come.
All donations towards our renovations will be commemorated on our donor tree. Gifts also be made in memory or in honor of your loved ones. For more information, contact Shannon at 757-229-3700.
Please consult your financial advisor for additional information as each person’s financial circumstances are different. You may also want to consult your tax advisor for matters involving taxation and tax planning and your attorney for matters involving trust and estate planning and other legal matters.
