Ways to Give Back to the Community

WHAT IS PLANNED GIVING?

Planned gifts ensure the continuation of our mentoring programs while creating your personal legacy of support. A planned gift to Big Brothers Big Sisters of Southern Nevada ensures the continuation of our landmark mentoring programs and creates your own legacy of support. Planned giving also offers significant advantages, including tax breaks and a potential income increase.

STOCK CERTIFICATES & SECURITIES

If you’re wondering how to donate stock to charity, you can donate appreciated stocks, bonds, or mutual funds held for over a year. By making these stock donations, you can avoid capital gains tax while receiving a charitable deduction for the full fair market value. It's not only an investment for you, but also an investment in your community's future.

To donate stocks or bonds held by a bank/broker, simply provide transfer instructions. For stock certificates you hold, mail the unsigned certificates and a separate signed, notarized stock power to our office.

IRA CHARITABLE ROLLOVER

Supporters 70-1/2 or older with a traditional IRA are eligible to donate to Big Brothers Big Sisters of Southern Nevada directly from their IRAs without increasing their taxable incomes. These gifts are, in many cases, tax-free, regardless of whether or not you itemize deductions on your tax return.

A few reminders:

Donor must be 70-1/2 or older.
Gift must be made directly from the IRA to an eligible charitable organization.
Gifts to all charities combined may not exceed more than $100,000 per taxpayer for the year.
No material benefits can be received in return for gifts.
Gifts may not be made to a donor advised fund, supporting organization, or private foundation.
The gift is not included in taxable income; thus, no charitable deduction is allowed.
Gifts must be made from an IRA. Gifts from a 401(k), 403(b), and 457 plans are prohibited.
To make a charitable IRA rollover transfer, contact your IRA administrator and instruct that individual to transfer funds to the charity, or multiple charities, you designate.

While the process of completing a qualified charitable distribution (QCD) to a charity is fairly simple, the key requirement is that the distribution check must be made payable directly to the charitable entity. If the funds go to the IRA owner and are then passed along to the charity, it would be considered a taxable distribution to the IRA owner.

It won’t qualify if the trustee or custodian makes the mistake of putting IRA money in a non-IRA account of yours as an intermediate step. Additionally, it won’t qualify if the check is made out to you.

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QCDs may be made from any IRA or individual retirement annuity, but not from a simplified employee pension, a simple retirement account or an inherited IRA.

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*This information is meant to summarize concepts and for general educational purposes only. Always consult your tax advisor for information specific to your own circumstances.

Donating Stock Certificates

Transferring stock certificates you possess can be done by sending the unsigned certificates by certified mail to the attention of Kelly Schwarz, Chief Executive Officer, Big Brothers Big Sisters of Southern Nevada, 624 South 10th Street, Las Vegas, NV 89101
Copy and send one blank stock power of attorney for each company whose stock you are transferring. Only the signature line should be filled in, with the signature(s) matching the name(s) that appears on the face of the certificates. Include both names if the stock is jointly owned.
The power of attorney must be notarized.
Send the certificates and stock powers in separate envelopes. Send the signed stock power in one and the stock certificate(s) in the other with a letter (also signed by the owner(s) of the stock) stating that the stock is being donated to Big Brothers Big Sisters of Southern Nevada.

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Effective Date and Value of Your Gift

Your stock donations or publicly traded securities will be valued based on the mean market price of the securities on the gift date. We will provide you with a receipt for your tax records. Big Brothers Big Sisters of Southern Nevada determines your stock donation date according to the following guidelines:

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By mail, it is the latter of the postmark dates of your separately mailed stock certificates and stock powers.
By electronic transfer, it is the date that the securities enter Big Brothers Big Sisters of Southern Nevada account.
By hand, it is the date that a Big Brothers Big Sisters of Southern Nevada employee receives the stock certificates and stock powers of attorney.
By re-registering securities in Big Brothers Big Sisters of Southern Nevada name yourself, it is the date on the new certificates (this method takes the longest).

FOUNDATION & CORPORATE GIVING

By partnering with Big Brothers Big Sisters of Southern Nevada, foundations and corporations invest in our community's most vital asset—our children. Our brand reputation, proven results, and independent ratings make us a trusted partner for creating lasting change.

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We understand that when companies make donations to charities that they have a wide variety of options, so we appreciate the major investments from foundations and corporations. These donations, whether from mutual funds or planned gifts, enable Big Brothers Big Sisters of Southern Nevada to connect with young people in unprecedented ways, so they can start on the path to unlimited potential—and maybe even start a business or foundation of their own someday.

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We are grateful to the foundations and corporations that have provided donations to our charity here at Big Brothers Big Sisters of Southern Nevada.

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