Young Life Foundation

Dear Friends,

Thank you so much for the many ways in which your generosity enabled us together to reach out to millions of kids worldwide during 2017!  As this year draws to a close, we realize that you may be considering a year-end gift to the Young Life ministry or ministries you support. If so, you may want to consider one of the following charitable giving opportunities in lieu of or in addition to a cash gift.

 

Make a Charitable Distribution from your Individual Retirement Account

If you are over age 70½ and own a traditional Individual Retirement Account (IRA), you can make a direct distribution of up to $100,000 from your account to qualified charities such as Young Life. This distribution does not create an income tax deduction, but does count toward your annual required minimum distribution. Contact your IRA custodian to find out how to make a qualified distribution.

 

Contribute Appreciated Stocks/Mutual Funds

With the stock market setting new highs over the past few weeks, now may be the best time for you to consider making your gift using appreciated stock in your portfolio. Gifts of appreciated stock you’ve owned for more than a year provide you a double benefit:

  1. Assuming you itemize your deductions, you can deduct the full fair market value of your contribution; and 
  2. You will avoid the capital gains that may have been due if you had sold the stock yourself and then gifted the proceeds.

Therefore, contributing the appreciated stock outright rather than selling the stock and contributing the cash proceeds greatly increases the tax benefits from your gift. To make a gift of appreciated stock click here: https://www.younglife.org/Foundation/Pages/Stock.aspx

 

Credit Card Gifts

You can make your gift by credit card. As long as the charge is dated in 2017, the gift will be tax deductible for this year when you file your taxes in the spring of 2018.   

 

For more information, please contact Dave Phillips or Jeff Rudder by calling 800-813-1945.

 

Thank you again for the many ways in which your partnership allows us to share Jesus with lost kids the world over. Christmas is going to be different this year to a lot of kids because of you!

 

Sincerely,

 

The Young Life Foundation Team and NCW Young Life

 

The information contained herein is for explanatory purposes only and is not intended to be used as tax or legal advice. The Young Life Foundation recommends that you consult a professional advisor who can provide you with information on how these ideas may apply to your personal situation.

Address

Young Life NCentral Washington | 1200 S Miller St Wenatchee, WA 98801-3202

Phone: (509) 662-1480

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