Planned Giving & Gifts of Stock with the
Rotary Club of Tampa Foundation

Disclaimer:  The materials below are for general information and should not 
be considered legal or tax advice. Please consult with your legal or 
tax professional prior to making a charitable gift.   

With planned giving, you can tailor your estate and planned gift to your personal situation while obtaining tax benefits, maintaining financial security, and making a meaningful and lasting difference for the Rotary Club of Tampa Foundation Inc.

Donations with Marketable Securities

Instead of making a gift with cash or check, consider donating low basis stock that you have held over one year to the Rotary Club of Tampa Foundation Inc. The tax planning benefits of donating appreciated shares of stock or funds include deducting the amount of the charitable donation and avoiding the unrealized gain on the appreciated shares. 

 

Bequests by Will or Trust

One of the simplest planned gifts is a bequest through your last will and testament or your revocable trust. You can designate either a specific dollar amount or a percentage of your estate or trust as you feel comfortable. A gift through your will or trust gives you full control over your assets while you are living and may reduce possible estate taxes.

Life Insurance

Contributions of life insurance can provide a substantial gift to the Rotary Club of Tampa Foundation Inc. The value of the policy at the time of the gift is tax deductible.

Designated Beneficiary of Retirement Accounts

Consider naming the Rotary Club of Tampa Foundation Inc., as a beneficiary of your retirement plan. It is a simple and easy way to leave a legacy gift. Your plan administrator or human resources department at work can provide you with a Change of Beneficiary form.

Donations with a Qualified Charitable Distribution from a Retirement Account

An individual who is 70 ½ or older can donate up to $100,000 annually from their Individual Retirement Account (IRA) directly to a qualified charity, including the Rotary Club of Tampa Foundation Inc. The contribution counts toward the Required Minimum Distribution (RMD) and is not subject to ordinary income tax.  With the enactment of the Tax Cuts and Jobs Act which was signed into law in December of 2017, more taxpayers will most likely be taking the standard deduction instead of itemizing their deductions. By making a qualified charitable distribution you do not claim the distribution as a tax deduction, but more importantly you avoid realizing your RMD as income while at the same time satisfying your RMD requirement.

To learn more about supporting the Rotary Club of Tampa Foundation via planned giving, please contact the club office and you will be directed to the Foundation leadership. Thank you!

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