Major gifts of $500 or more each year help give the clients we serve more than just hope, they provide peace of mind. More importantly, major donors give Second Harvest Foodbank the ability to pursue new ways to end hunger, knowing that we have supporters who are with us for the long haul.
Some people start small at $10 or $15 per month with a monthly recurring gift to Second Harvest. For a monthly investment of $45, you can help us carry out our critical mission at the major gift level.
With major gift financial investments, we can implement innovative solutions as well as sustain and grow current programs to end hunger. Your gift can be kept confidential, if you prefer.
OTHER WAYS TO GIVE
- IRA – Consider giving a direct charitable distribution from your IRA account – this is commonly called a Qualified Charitable Distribution (QCD). This allows for gifts up to $100,000 - if you are over 70 ½ years old and can begin taking distributions.
New information for 2020: Additionally, the Coronavirus Aid, Relief and Economic Security (CARES) Act provided some tax incentives for charitable giving purposes. For example, the adjusted gross income (AGI) limit for cash contributions was increased for donors. Under the CARES Act an individual can deduct 100 percent of their AGI for cash gifts. This may offer an opportunity for those 59 ½ years old to benefit by taking a cash distribution from an IRA account and then contributing that amount back to a charity to offset taxes. This option is for those who are itemizing deductions. Reach out to your accountant to see how the CARES Act impacts your tax situation.
- Donor Advised Funds (DAF's) – Many investment companies and community foundations offer this charitable giving option. Financial organizations, such as Fidelity, Schwab and Vanguard, offer this as a way for their clients to set aside funds for charity and consolidate their giving. Community foundations, such as the Madison Community Foundation, focus on local needs through their donor-advised fund options. Research DAF's to determine if this may be an option. Remember, you are only able to start directing gifts from a donor-advised fund once it is established. If you already have a DAF account with funds available for distribution, consider a gift from it this year.
- Stock Gifts – Many stocks and stock funds have seen an increase in value this year. A gift of appreciated stock is a wonderful way to help give a larger gift. We can help facilitate this with you and your financial advisor, simply contact us to discuss the process.
As a reminder, it is always helpful to contact your financial advisor or accountant to see if these options may be a fit for you.
For more information about major giving or any of the other ways to give mentioned above, contact Chris Ziemba, Donor Relations Manager at 608-216-7244. If you would like to become a monthly donor, contact Zakiya Jackson at 608-216-7238.