There are many ways to support Family Promise of Greater Phoenix beyond a traditional cash gift. Smart giving strategies can help you maximize your impact, potentially reduce taxes, and support families working to achieve housing stability and independence.
Gifts of Appreciated Stock
Donating publicly traded stock that has increased in value can be one of the most tax-efficient ways to give.
Benefits of Donating Stock
- Avoid capital gains taxes on appreciated securities
- Receive a charitable income tax deduction for the fair market value of eligible shares
- Make a larger gift that you might otherwise consider with cash
- Support families experiencing housing instability in a meaningful way
Whether you've held stock for many years or have recently seen significant growth in your investments, donating appreciated securities may allow you to make a greater impact while realizing potential tax advantages.
To learn how to make a stock gift, please contact us for transfer instructions.
Individual Retirement Accounts (IRA)/Qualified Charitable Distributions (QCDs)
If you are at least 70½ or older, you may be eligible to make a Qualified Charitable Distribution (QCD) directly from your Individual Retirement Account (IRA).
A QCD allows you to transfer funds directly from your IRA to Family Promise of Greater Phoenix without recognizing the distribution as taxable income.
Benefits of a QCD
- Satisfy all or part of your Required Minimum Distribution (RMD) if applicable
- Reduce taxable income
- Support a cause you care about
- Make an immediate impact on local families in need
Many donors find that a QCD is a simple and effective way to support Family Promise while managing their retirement assets.
We encourage you to consult your financial or tax advisor to determine whether a QCD is right for you.
Information to Provide Your IRA Account Administrator
Designation: Family Promise of Greater Phoenix
Tax ID: 86-0914408
For IRA contributions: Please make sure your administrator adds your name to the donation paperwork for tracking purposes.
Beneficiary Designations
One of the easiest ways to leave a lasting legacy is by naming Family Promise of Greater Phoenix as a beneficiary of:
- Retirement accounts (IRA, 401(k), 403(b))
- Life insurance policies
- Donor Advised Funds
- Bank or brokerage accounts
This type of gift can often be completed by updating a beneficiary form and does not require revising your will or trust.
Benefits
- Simple and flexible
- Can be changed at any time
- Creates a lasting legacy for future generations
- Helps families access housing, stability, and opportunity
Legacy Giving Through Your Estate Plan
Including Family Promise of Greater Phoenix in your will or trust allows you to leave a legacy that reflects your values and commitment to strengthening families.
You may choose to leave:
- A specific dollar amount
- A percentage of your estate
- The remainder of your estate after other obligations are met
- A gift of specific assets
A planned gift ensures your impact will continue for years to come, helping future generations of families overcome homelessness and achieve lasting self-sufficiency.
Donor Advised Fund
A donor advised fund is a flexible and convenient charitable giving vehicle that allows you to recommend grants to Family Promise of Greater Phoenix over time.
Benefits of a DAF
- Simplified charitable giving
- Potential immediate tax deduction when contributions are made to the fund
- Flexibility in recommending future grants
- Opportunity to create a long-term charitable giving strategy
Many donors use donor advised funds to support Family Promise annually or as part of a broader philanthropic plan.
Making a Lasting Impact
Smart giving strategies can help you achieve your financial and philanthropic goals while creating brighter futures for families in our community.
For more information about stock gifts, IRA charitable distributions, beneficiary designations, or other planned giving opportunities, please contact: Stephanie Walsh.
