YEAR END GIVING
A Message from our Director, John Savidge
Compassion is increasingly important this year as the crushing impact of Covid 19 on the poor and vulnerable has made their lives even more difficult. Limited job opportunities combined with stretched food and shelter resources are giving them a bleak future as we enter our winter season.
It has been an honor for us to partner with you as we serve our vulnerable in San Diego. We recognize that this pandemic has devastated many non-profit organizations and that they are reaching out for help more than ever before. Our great fear is that the economic impact on those living at or below the poverty level will only create more families and individuals living in their cars or on the streets, lacking essential food, shelter, and medical attention. With your help, The Ladle Fellowship can alleviate some of these basic needs and let San Diego’s poor know they are valued.
As you consider your year-end giving, there are a variety of stewardship options that can benefit you and your family as well as some new 2020 provisions we want you to know about. With your support can go even further as we seek to meet the rising need of caring for our poor and homeless in San Diego this winter.
I am grateful for your support.
Have a blessed and Merry Christmas.
WAYS TO GIVE
Giving Strategies for Ladle Fellowship Partners
Gifts of Appreciated Securities
If you have appreciated stock or other securities that you’ve owned for at least a year, you can receive a double tax benefit by donating this stock to the Ladle Fellowship. Not only will you receive a tax deduction for the fair market value of the stock, but you’ll also avoid paying capital gains tax. This makes giving appreciated stock a much more cost-effective option than giving cash. To make a gift that qualifies for 2020, shares must be in our brokerage account no later than December 31. Please let me know ASAP to assist you with the transfer
Gifts from your IRA (Individual Retirement Account)
If you are at least 70 1/2 years old, you can give up to $100,000 from your IRA (or $200,000 for couples) to the Ladle Fellowship and receive significant tax benefits in return.
Any Gifts from your IRA
Allows you to give in a substantial way without affecting your cash flow, reduce your taxable income (whether or not you itemize), can be used to fulfill any charitable pledges you’ve made, and will fulfill all or part of your required minimum distributions.
2020 CARES Act Provisions
In March of this year, the House and Senate passed a $2.2 trillion stimulus package called the CARES Act. There are a few areas to briefly highlight that may benefit you as you consider your charitable giving this year.
Cash Gifts - If you are among the 90% of American taxpayers who take the standard deduction "nonitemizers", you may now deduct up to $300 in charitable gifts from your gross income.
100% charitable deduction - You may deduct cash gifts up to 100% of your adjusted gross income (AGI) in 2020. The previous deduction was 60%. Gifts made directly to a charity, such as the Ladle Fellowship, qualify.
Gifts from your IRA - The required minimum distribution from IRAs for 2020 has been waived.
Vehicle Donations: You can donate your old car, van, truck, or even your boat.
Ways to Give:
Give using your credit card through our secure site - Click Here
Call our office (619) 232-7513 Ask for Gail
320 Date St
San Diego, CA 92101
We recommend consulting your financial advisor to determine which giving options are ideal for your situation. Thank you for helping to advance the Ladle Fellowships mission of caring for the poor and homeless in San Diego.