Ways to Give

Consider a direct transfer of stock or mutual funds (these assets must have been held by you for at least one year) and reduce your taxes. If you itemize deductions on your tax return instead of taking the standard deduction, a gift of stock or mutual funds may be a great way to eliminate the capital gains taxes you would incur. As a result of a direct transfer of these assets, you can claim a fair market value charitable deduction for the tax year. Talk to your broker or financial adviser about this simple and effective transfer.

An annual mandatory IRA Distribution from a traditional IRA normally incurs taxes as the account holder did not pay taxes on the money at the onset of the IRA. If you are 70 ½ or older and want to contribute your annual distribution to the Florida Sheriffs Association, you can donate up to $100,000 tax free. This tax deduction effectively lowers your Adjusted Gross Income for tax preparation purposes.

Give the gift of real estate by leaving your home or other types of property to the Florida Sheriffs Association following your passing. The proceeds from the sale of the home or property will be used to accomplish the mission of the FSA. As this transaction of property must be stated in your will, please consult the attorney overseeing your estate plans.

By naming the FSA as beneficiary on a retirement account, life insurance contract or other asset, you can continue to make a positive impact in your community even after you pass away. Additionally, you may be able to leverage tax benefits.