2023 Year-End Giving
Thank you for considering a year-end donation to the National Diaper Bank Network (NDBN). You are taking an action step toward addressing and alleviating diaper need, enabling people to actively participate in daily life.
There are several ways in which you can give to NDBN and receive a 2023 tax benefit:
Thank You
Check
Mail to 470 James St #7, New Haven, CT 06513 with a postmark on or before December 31 to be considered a 2023 donation.
Donor Advised Fund
A donor-advised fund (DAF) is a centralized charitable account. It allows charitably inclined individuals, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock, and, in some cases, certain illiquid assets, to a public charity that sponsors a DAF program. DAFs also allow you to approach your charitable giving thoughtfully by involving other family members or colleagues in your philanthropic decisions.
Donate Mutual Funds
Donating appreciated securities – such as stock or mutual funds – to National Diaper Bank Network is a tax-wise approach to providing for children in need. Many donors choose to give gifts to National Diaper Bank Network using long-term appreciated stocks and mutual funds due to the attractive tax advantages associated with such gifts.
The benefits available to you when making a charitable contribution of stock or mutual funds may include:
- Avoiding federal and state tax on the capital gain;
- Receiving an income tax deduction (federal and most states) for the full market value of the gift if you itemize deductions on your tax return and have held the assets one year or longer;
- Making a larger gift at a lower original cost to you.
To Make a Gift of Appreciated Stock*:
Broker Name: Charles Schwab & Co., Inc.
Contact: Jessica Bruno – 212-605-0665
DTC number: 0164, code 40
Official Account Name: The National Diaper Bank Network
The National Diaper Bank Network’s Account Number: 7202-2904
*The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties or liabilities. Please consult legal or tax professionals for specific information regarding your individual situation.
IRA – Qualified Charitable Distributions
IRA owners age 70½ or over have the option to transfer up to $100,000 (up to $200,000 for a married couple if both spouses are age 70½ or over and both have IRAs, each spouse can exclude up to $100,000 for a total of up to $200,000 per year) to charity tax-free each year. These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. Moreover, for those who are at least 72, QCDs count toward the IRA owner’s required minimum distribution (RMD) for the year. Learn more here.
To make a QCD, directly contact the custodian of the IRA to request a qualifying charitable distribution.
Contact Us
Email [email protected] if you have any other questions.