You may be hearing phrases like “uncertain times” again on your social media feeds. We understand that you want to ensure your own household’s needs are being met while continuing your support for the IMSA Fund and the students we serve.
The good news is that you don’t necessarily have to choose – there are ways to support IMSA while also protecting your own financial future.
Gifts That Cost You Nothing Now:
- Include the IMSA Fund in your will or trust. This simple act can ensure future generations of IMSA students continue to benefit from your legacy.
- Name the IMSA Fund for Advancement of Education as a beneficiary of a retirement account or life insurance policy. It’s an easy way to make a lasting impact without changing your current lifestyle.
Gifts That May Offer Tax Benefits:
- Recommend a grant from your donor advised fund (DAF). You can direct gifts to the IMSA Fund today or on a recurring basis, supporting our mission when it matters most in a way that you can plan around taxable income events
- Make a qualified charitable distribution (QCD) from your IRA if you’re 70½ or older. This type of gift can help satisfy your required minimum distribution while also reducing taxable income.
- Give appreciated stock to IMSA and potentially avoid capital gains tax. Your gift can provide crucial support for students while delivering potential tax advantages to you.
A Gift That Pays You:
- Establish a charitable gift annuity with IMSA to receive fixed income for life while supporting future IMSA students. This reliable stream of income continues regardless of market fluctuations.
For specific tax guidance, we always recommend consulting your financial advisor or tax professional. And if you’re interested in learning how your philanthropy can make a long-term difference at IMSA, our team at the IMSA Fund is here to help. If you need help drafting appropriate language to include the IMSA Fund in your estate plan, we can connect you with a free consultation to assist. Reach out to Cesar Patino at (630)-907-5051 or email at cpatino@imsa.edu to explore the giving strategies that work best for you.
