CONTRIBUTE TO THE WBL BOUNDLESS CAMPAIGN

Click here for a form to send with a check, or mail it directly to WBL’s office at:

WBL
1201 Wilson Blvd, Suite 2700
Arlington, VA 22209
703-349-0900

Please feel free to contact our office with any questions or if you would like an invoice.

Gifts of appreciated stock or securities are a cost-effective and tax-friendly way to fund WBL Boundless.

Appreciated Securities

If your investments in the financial markets have been successful, you can use these assets without losing a substantial portion of your earnings to the capital gains tax by making your gift with appreciated stock.

Also, a gift of stock held for more than one year may qualify for a charitable income tax deduction equal to the securities’ full fair-market value. It is also possible to make a gift with appreciated securities in a mutual fund.

How to Give Securities to WBL

The simplest way to transfer securities, such as stocks, to WBL is through a depository trust company (DTC) transfer.

To transfer securities to the WBL via DTC, please contact us to be provided the appropriate DTC number and account information.

An IRA Charitable rollover provides you with an excellent opportunity to make a gift during your lifetime from an asset that would be subject to multiple levels of taxation if it remained in your taxable estate.

If you are at least 70½ years old, you are eligible to make a Qualified Charitable Distribution (QCD) from a traditional or Roth IRA. Distributions to WBL will be excluded from federal income.

You must designate WBL, tax ID #51-041-0145.

How do I make a qualified charitable distribution?

You must be at least 70½ years old on the date of the distribution to WBL.

Distributions must be made from an IRA, including inactive SEP and SIMPLE plans. Distributions from any other type of retirement plan (401(k), 403(b), 457, Keogh, and active SEP and SIMPLE plans) will not qualify.

QCD distributions are limited to $100,000 in total during each year.

A distribution must be made outright to WBL — it cannot be used to fund a charitable remainder trust, gift annuity, donor-advised fund, or family foundation.

Your plan administrator must transfer the funds directly — you may not receive the distribution first and then transfer it to WBL.

The distribution must be received by the WBL on or before December 31 to be counted in the tax year. Each distribution will be excluded from federal taxable income.

Because the QCD distribution is not taxable income, you cannot claim a deduction for federal tax purposes. Some states may treat distributions as income followed by a deduction. Please check with your tax advisor to learn more.

Note that QCDs typically count toward your required minimum distribution (RMD) if you are required to take one. Using a QCD to make charitable gifts will reduce the value of your IRA and taxable RMDs in future years.

Sample letter to your IRA administrator

Click here to see a sample letter to direct your IRA plan administrator to make a distribution from your IRA account to WBL. Then, please notify WBL to expect the QCD from your IRA and specify how you want your gift to be used.

A charitable gift from your estate is the simplest way to achieve your financial goals and benefit WBL in ways that may not be possible through lifetime gifts. Giving through your estate plan also generates a charitable estate tax deduction and potentially substantial tax savings.