Stock Donations & Retirement Distributions

Make a Stock or Retirement Distribution Donation

Click Stock Gift or Retirement Distribution or more information

Greatly increase your tax-deduction by giving appreciated stock!

As you consider making your year-end gift, let me suggest a way you can greatly increase your tax deduction. If you have stock that has appreciated in value that you plan to sell, consider giving the stock instead. You will still get a tax deduction for the full amount of your gift, but you also avoid paying the capital gains tax on the appreciated value of your stock.

If you would like to make a gift of stock to Point of View, contact your stockbroker or financial advisor and let them know you want to make a gift of stock. Tell them which stock you want to donate and how many shares. Your broker/advisor or your financial institution can initiate the stock transfer with the following information:

Client Name: Point of View Ministries
Receiving Firm: Pershing, LLC
DTC# 0443
For Credit to account #: 5HQ732172

If the broker has questions about the process that you cannot answer, have them call Warren Kelley at 972-692-1377.

One important note: if you would like an acknowledgement from Point of View for your stock gift, please let us know which stock you plan to donate and the number of shares. Your information is not given to us at the time the stock is transferred, and we will not be able to send an acknowledgment of your gift unless you let us know about the transfer. You can call us at 800-227-1444 or email us at stockgift@pointofview.net.

Required Minimum Distribution (RMD) and Qualified Charitable Distribution (QCD)

Once you retire, you cannot leave money in your retirement plan indefinitely. Many retirement plans require you to withdraw a specific amount each year, known as a Required Minimum Distribution (RMD). These withdrawals are considered taxable income for the year they are taken. However, there is a way to avoid paying taxes on part or all this income: by making a Qualified Charitable Distribution (QCD).

Key Points About RMDs:

• RMD rules apply to most employer-sponsored retirement plans and many private retirement accounts.
• A Roth 401(k) is exempt from RMD rules during the owner’s lifetime.
• For other plans, RMDs must begin at age 72 (or age 73 if you turn 72 after December 31, 2022).
• If you fail to withdraw the required amount, you’ll face a steep penalty—50% of the amount you were required to withdraw but didn’t.

How QCDs Can Help:

If you give part or all your RMD directly to a qualified charity, it’s considered a QCD. QCDs have two key benefits:

1. The donated amount is excluded from your taxable income.
2. Your gift can support causes you care about, like Point of View, which qualifies as a charity for QCD purposes.

Steps to Make a QCD:

• Ask your financial institution to send the donation directly to Point of View. Only direct payments qualify for the tax benefit.
• Ensure the donation is made before the end of the year to count toward your RMD for that year.

Important Notes:

• Point of View cannot provide personalized financial advice. Consult a financial advisor or CPA to understand how RMD and QCD rules apply to your situation and the potential tax benefits.

Contact your financial institution to arrange an QCD gift to Point of View before the year ends.