Donor-Advised Funds, or DAFs, provide you with a flexible way to give to Animal Humane New Mexico while enjoying some favorable tax benefits.
DAFs, allow you to place money into a charitable investment account (creating an immediate tax deduction) from which you may make donations to nonprofits over time.
DAFs have not been changed or affected by the CARES Act.
How to Make a Gift from Your Donor-Advised Fund
If your DAF is with Schwab Charitable or Fidelity Charitable, you may access your account and make a gift through DAFDirect.
If you are 70.5 or older, you are required to make an annual withdrawal from your traditional IRA or Roth IRA. However, if you make a Qualified Charitable Distribution (QCD), also known as an IRA Charitable Rollover, directly from your IRA you reap several advantages.
A gift transfer directly from your IRA to Animal Humane New Mexico bypasses your gross income, possibly keeping you in a lower tax bracket.
Our free IRA donation tool fills out the paperwork for you in 10 minutes — no sensitive information required. Get started today!
A QCD increases your potential annual charitable deduction without the need to itemize.
Up to $100,000 in IRA funds may be counted as QCDs annually or $200,000 for married couples.
By having your distribution transferred directly to Animal Humane, you help homeless cats and dogs right here in New Mexico.
Also, please consider naming Animal Humane New Mexico as the beneficiary of your IRA.
Don’t wait until December. Talk with our accountant or financial advisor now to confirm your options.