To learn how you can make this type of gift as part of Lycoming’s Days of Giving, please contact Robb Dietrich, assistant vice president for major and planned gifts, at dietrich@lycoming.edu or 570-321-4401. 3 Lycoming College’s 5th annual Days of Giving happen on April 18-19, 2023. With a little bit of advance planning, you can make a big impact with your gift while also maximizing the tax benefits for yourself! Qualified Charitable Distributions (QCDs), gifts from a Donor Advised Fund (DAF), and gifts of appreciated stock are some of the most tax-efficient ways to support the College. QCDs DAFs STOCKS 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 73 or older, a QCD can satisfy your Required Minimum Distribution (RMD). 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! 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. GIVING of the BEST WAYS to MAKE A GIFT during APRIL18&19 2023 34 LYCOMING COLLEGE 2023 SPRING MAGAZINE
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