Give Smarter: Donate Appreciated Securities
If you’ve held stocks or mutual funds that have increased in value, donating those investments directly to Porch de Salomon can be one of the most tax-efficient ways to give. By gifting appreciated securities, you may avoid paying capital gains taxes on the growth while still receiving a charitable deduction for the full market value of the donation. This allows more of your
gift to go directly toward supporting Porch de Salomon’s mission.
For many donors, this can be a more effective way to give than cash—especially when markets have performed well—often allowing you to make a greater impact with the same resources. For more information on making a gift of appreciated securities to Porch de Salomon, please contact our Treasurer at treasurerpds@gmail.com or consult your financial advisor.
Turning 73 This Year? Consider a Smarter Way to Give
If you’re turning 73 this year, you may be required to begin taking Required Minimum Distributions (RMDs) from your IRA. While these distributions are typically taxable, there is a simple way to reduce the tax impact while supporting Porch de Salomon.
Through a Qualified Charitable Distribution (QCD), you can direct up to $100,000 per year from your IRA to a qualified charity. These gifts count toward your RMD but are excluded from your taxable income—allowing more of your distribution to go directly toward the mission.
Even better, using a QCD can help lower your adjusted gross income, which may have additional benefits when it comes to Medicare premiums and the taxation of Social Security. For more information on making a charitable gift to Porch de Salomon, please contact our Treasurer at treasurerpds@gmail.com or consult your financial advisor.
Porch de Salomon is an independent, nondenominational
501(c)(3) tax-exempt charity founded in 2005. We are
committed to responsible stewardship, with volunteer Dinancial oversight
provided by Treasurer Calvin Stephens, CPA (B.S. Accounting, University of
Florida), and Tax Advisor Rich Blankenship, CPA/J.D. Donations made to
support the ministry are tax-deductible, and we strive to ensure that
resources are used effectively to maximize impact in the communities we
serve. Porch de Salomon’s EIN/Tax ID number is 20-2737505.