Using investments to make your Impact San Antonio membership contribution

IRA Qualified Charitable Distributions: If you are 71 years or older, you can make your Impact San Antonio membership contribution with a distribution from your IRA.  Just ask your IRA administrator to send a check directly to Impact San Antonio from your account – and be sure to let us know, so we can be on the lookout for it!  While you will not receive a charitable deduction, the amount donated will not be added to your taxable income – and it will count toward any Required Minimum Distribution you must take.

Direct Stock Donation: Regardless of your age, if you own publicly traded stock, you can donate it directly to Impact SA. This can be especially attractive if you have stock that has increased in value significantly since you acquired it.  A stock donation to Impact SA will be valued as a charitable contribution for the full market value as of the date of donation.  You will not be taxed on the increase in the value of the stock since you acquired it.

Charitable Brokerage Accounts: Many brokerage firms allow you to create a charitable account that you can donate stock to, and once you fund the account, you can request a grant distribution to Impact SA (or other tax-deductible charity).  Because your broker manages the transfer of the stock from your regular account into your charitable account, this can be a convenient way to convert appreciated stock into funds you can make available to non-profits, while receiving the same tax benefit as direct stock donation.  It can also allow you to make one stock donation and direct the proceeds be provided to multiple recipients, or to one or more recipients at a later time.

Information You May Need: Impact San Antonio’s full name is: Impact San Antonio Foundation Incorporated.  Our Federal Tax ID is: 20-1154171, and our physical address is: 24165 IH-10 West, Suite 217-462, San Antonio, TX 78257.  Your broker or IRA administrator will likely want this information to process your request.  If you are interested in donating stock directly to Impact SA – email treasurer@impactsanantonio.org for additional instructions to provide to your broker.