Other Ways to Give
Cash Contributions
Cash contributions can be given in a variety of ways—by check, credit card, or electronic funds transfer (EFT) from your bank account. You can give securely online today and set up a schedule for regular giving with a method and frequency that works for you. You may also send a check to The Colossian Forum at 601 5th Street NW, Suite 101, Grand Rapids, MI 49504.
Gifts of Appreciated Assets
You can transfer appreciated stocks, bonds, or mutual fund shares you have owned for over a year to The Colossian Forum. These assets will be immediately sold and the proceeds allocated to the designation of your choice. You receive the benefit of an immediate income tax deduction at fair market value for the securities on the date of transfer (no matter what you originally paid for them). You pay no capital gains tax on the transferred stock. Donating appreciated stock can be more beneficial to you than giving cash. Just download the TCF Securities Transfer Form and take it to your broker or financial advisor. Email a completed copy to TCF’s Director of Development, Jan Stump.
Gift Assets from Your IRA
If you are 70½ or older, you can make cash gifts totaling up to $100,000 from your IRA to The Colossian Forum without incurring federal income tax on the withdrawal. If you do not have an immediate need for the required mandatory distributions (RMDs) from your IRA, you can gift them to TCF’s transformational mission. This is good news for people who want to make a charitable gift during their lifetime from retirement assets but have been discouraged from doing so because of the income tax penalty. This is called a Qualified Charitable Distribution (QCD). The QCD applies to traditional, rollover, and Roth IRAs. SEP and Simple IRAs also qualify (as long as you no longer actively receive employer contributions). Employer-sponsored plans do not allow for QCDs. View a sample letter. For more information, email TCF’s Director of Development, Jan Stump.
Match Your Gift
Matching gift opportunities, if available through your employer, can double, or even triple, your contribution. Search now to see if your company will match your donation, or contact your HR department. The Colossian Forum qualifies for matching gifts and supports your efforts to have your contributions matched. For more information, email TCF’s Director of Development, Jan Stump.
Bequests | A Simple Gift
You'd like to help build the long-term financial strength of The Colossian Forum, but feel you cannot make a significant gift today. Your solution may be a charitable bequest. A bequest under your will or revocable trust can complement your commitments today while supporting The Colossian Forum tomorrow.
Donors Choose a Bequest Because . . .
- It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
- It is revocable - you can change the provisions in your will or trust at any time, and
- It is private - your will is not filed or made public until your death.
- It may provide estate tax savings or avoid ease tax burden for heirs