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Stock or Securities
A gift of appreciated securities — either publicly traded or from a private company — may provide greater tax advantages than gifts of cash. With a gift of stock, you can deduct the fair market value as a charitable gift and completely avoid capital gains tax on the appreciation.
In order for Houston Public Media to properly credit your gift, please download and submit our Stock Transfer Instructions.
For specific transfer instructions, contact UBS Financial Services at 713.985.3446. For questions about Houston Public Media Gift of Stock program contact Mary Ann Marucci, Senior Director of Advancement, at mmarucci@houstonpublicmedia.org or 713.743.7714.
IRA Charitable Rollover
If you are aged 70½ or older*, you can make tax-free gifts of up to $100,000 per year, directly from your individual retirement account. These amounts can also count towards your required minimum distribution for the year, reducing your taxable income. Talk with your financial advisor or account administrator about making a tax-saving year-end gift to Houston Public Media today! To learn more or to donate to Houston Public Media, please contact Mary Ann Marucci, Senior Director of Advancement, at mmarucci@houstonpublicmedia.org or 713.743.7714.
* If you turn 70½ on or after Jan. 1, 2020, you can use your gift to satisfy all or part of your required minimum distribution starting at the age of 72.
Next Steps
- To ensure that this gift gets applied to your account correctly, please download and submit this IRA Charitable Distribution Form.
- Seek the advice of your financial or legal advisor.
- Ask your IRA administrator about making a direct transfer to Houston Public Media or have the administrator send a check from your account to us. (To be tax free, the donation must go directly from your account to Houston Public Media without passing through your hands.)
- For additional information on giving an IRA gift, contact Mary Ann Marucci, Senior Director of Advancement, at mmarucci@houstonpublicmedia.org or 713.743.7714
Donor Advised Fund (DAF)
What is a donor advised fund?
A donor-advised fund (DAF) provides donors with a centralized charitable giving vehicle. It allows philanthropically inclined individuals, families, and corporations to make an irrevocable charitable gift to a public charity that sponsors a DAF program and take an immediate tax deduction. Most sponsoring organizations of DAFs accept cash equivalents, securities, and certain other assets. There are currently three participating sponsoring organizations: Fidelity Charitable, Schwab Charitable, and BNY Mellon. More sponsoring organizations may be added in the future.
How does it work?
- Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program.
- Advise the investment allocation of the donated assets (any investment growth is tax-free).
- If you already have an established DAF, fill out the DAF Direct form below and your grants will be distributed to HPM.
- To learn more about DAFs, contact Mary Ann Marucci.
Main advantages of a donor advised fund
Simplicity — The DAF sponsor handles all recordkeeping, disbursements, and tax receipts.
Flexibility — Timing of your tax deduction can be separate from your charitable decision making.
Tax efficiency — Contributions are tax-deductible, and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support several charities from one block of stock.
Family legacy — A DAF is a powerful way to build or continue a tradition of family philanthropy.
No start-up costs — There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).*
No transaction fees — Once approved, 100% of your recommended grant goes to your qualified public charity of choice.*
Privacy if desired — Donors may choose to remain anonymous to the grant recipient.
Frequently Asked Questions
I’ve already named Houston Public Media as the beneficiary of my IRA. What are the benefits if I make a gift now instead of after my lifetime?
By making a gift this year of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have made by transferring that amount from your IRA as long as it is $100,000 or less for the year.
I’m turning age 70½ in a few months. Can I make this gift now?
No. The legislation requires you to reach age 70½ by the date you make the gift.
I have several retirement accounts — some are pensions and some are IRAs. Does it matter which retirement account I use?
Yes. Direct rollovers to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit sharing, 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to Houston Public Media. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.
Can my gift be used as my required minimum distribution under the law?
Yes, absolutely. If you have not yet taken your required minimum distribution, the IRA charitable rollover gift can satisfy all or part of that requirement. Contact your IRA custodian to complete the gift.
When do I need to make my gift?
We must receive your gift by Dec. 31 for your donation to qualify this year. If you have check-writing privileges on your IRA account, please mail your check by Dec. 20 in order to give us time to process your gift before the end of the year.
Do I need to give my entire IRA to be eligible for the tax benefits?
No. You can give any amount under this provision, as long as it is $100,000 or less this year. If your IRA is valued at more than $100,000, you can transfer a portion of it to fund a charitable gift.
I have two charities I want to support. Can I give $100,000 from my IRA to each?
No. Under the law, you can give a maximum of $100,000. For example, you can give each organization $50,000 this year or any other combination that totals $100,000 or less. Any amount of more than $100,000 in one year must be reported as taxable income.
My spouse and I would like to give more than $100,000. How can we do that?
If you have a spouse (as defined by the IRS) who is 70½ or older and has an IRA, he or she can also give up to $100,000 from his or her IRA.
Legal Name: Houston Public Media Foundation
Address: 4343 Elgin St, Houston, TX 77204-0008
Federal Tax ID Number: 74-1670740