Asset-Based Giving: DAF, Stock or QCD

DONOR-ADVISED FUND (DAF): Donor Advised Funds (DAFs) are charitable giving tools where donors contribute cash, stocks, or other assets to a fund managed by a sponsoring organization, like a community foundation or investment firm. Donors receive an immediate tax deduction for their contribution and then advise where the funds are granted in the future. To learn more, click here.

GIFTS OF APPRECIATED STOCK: You can directly donate stock to the Burlingame Library Foundation, get a deduction equal to the fair market value of the stock at the time of the transfer (its increased value), and avoid paying capital gains taxes on the appreciated value of the stock. As a 501(c)3 non-profit organization, the Foundation is also exempt from paying the capital gains tax. Please email sarah@burlingamelibraryfoundation.org so that we can record the donation in your donor record.

The following information will help with a gift of appreciated stock:

QCD DONATION FROM AN IRA: Please contact your IRA custodian to make your donation in this way. If you are 70-1/2 or older, you can donate funds from an Individual Retirement Account (IRA) to the Burlingame Library Foundation in what is called a Qualified Charitable Distribution (QCD). And, if you've reached the age where you need to take required minimum distributions (RMDs) from your traditional IRAs, these donations will count toward your RMDs and you can avoid paying taxes on the money by donating it to the Foundation.