Five Ways to Give This Holiday Season

Bring the magic to children during this special time of year and give a gift that will have value long after the holiday season is over.

1. “STOCK”ING STUFFERS

Though the market has had some ups and downs, many of us still have long- term appreciated stock. When you use these rather than cash to make a gift this season, you will help change a child’s life, and it will cost you less than cash to do so. Learn more about stocks or gifts of cryptocurrency.

2. BUNDLE UP

In recent years, it has become more difficult to take a tax deduction for charitable gifts. Instead, time your giving by bundling two years of donations into a single year, bringing you over the itemization threshold for deductions in one year.

3. MAGIC IN YOUR GOLDEN YEARS

If you are age 70 1/2 or older, use your IRA to make your charitable gift. This allows you to use your most highly taxed assets to do your giving. To learn more, visit childrens.com/IRA.

4. ADVISE A GIFT

If you have previously given gifts to your donor advised fund, consider using that fund to be a magic maker at Children’s Health this holiday season. It is a great time to advise a gift to change a child’s life without it impacting your pocketbook.

5. TIME YOUR GIFT

Start the process early to qualify for a 2022 tax deduction. Mailed gifts must be postmarked by Dec. 31 and credit card.

For more information about planning a gift that will bring the magic to children this holiday season, visit bringmagictochildrens.com or call our Gift Planning team at 214-456-8360.