In this challenging year, many of you have supported those in need through nonprofits like ours. As always, thank you for everything you do.

As you consider your charitable year-end giving, a gift of cash may not be practical at this time. You also may want to explore options that allow you to receive tax benefits from your giving. We wanted to provide some quick tips and alternatives to help as you approach your year-end giving and tax preparation.

• This year, as part of the CARES Act, taxpayers who don't itemize deductions may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations. So, this year making a cash donation is the easiest way to achieve tax savings.
   
• From a tax perspective, giving a gift of appreciated assets (like stocks) makes sense. You can make the capital gains taxes optional and achieve tax savings, while supporting our work.
   
• If you are 70½ or older, you can rollover funds from an IRA to a charity, potentially reducing your income and taxes.
   
• Maybe you would like to help tribes, but are not in a position to make a cash gift right now. You may want to consider a future gift through a bequest made in your will or trust or naming us as a beneficiary in your insurance policy. 

If you would like more information on any of these end-of-year planning strategies, please contact Donald M. Ragona, Director of Development, ([email protected], 720 647-9963) directly to discuss ways to meet your needs and goals.

The Native American Rights Fund does not provide financial or tax advice. Please consult with your tax advisor before making any decisions.

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