DAFs: If you have a Donor Advised Fund, you’ve already received tax benefits, so put that money to good use by making a grant to Lycoming! TAX EFFICIENT ways to GIVE. 3 Many of Lycoming College’s most savvy supporters take advantage of a few tax-efficient ways to make their donations, including giving shares of appreciated stock, making a Qualified Charitable Distribution (QCD) from an IRA, and directing a grant from their Donor Advised Fund (DAF). Stocks: Lycoming receives the full market value of the stock while you avoid capital gains tax and, if you itemize, you can take a charitable tax deduction. QCDs: If you are 70½ years old or greater, you can make a tax-free gift to Lycoming from your Individual Retirement Account (IRA) without ever realizing it as income. In addition, if you are 72 or older, a QCD can satisfy your Required Minimum Distribution (RMD). To learn more about these and other tax efficient ways to make charitable gifts, please contact Robb Dietrich, assistant vice president for major and planned gifts, at dietrich@lycoming.edu or 570-321-4401. 34 LYCOMING COLLEGE 2022 SPRING MAGAZINE
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