Maximize Your Year-End Impact With These Giving Options

We know that your decision to partner with Vail Health Foundation comes from the heart. Your kindness is especially heartwarming given how tough the economy has been this year.

Because you might have a lot going on in the final weeks of 2024, we wanted to make you aware of some important deadlines before the end of the year approaches. You can still do so much to change the lives of those we serve in our mountain communities.

An added bonus: Your gift may qualify for a tax break this year when you itemize deductions on your federal income tax return.

Consider These Gift Options

Here are three types of assets that can benefit both of us:

IRA

If you are 70½ or older, you can give any amount up to $105,000 per year from your IRA  directly to our organization. You will not pay income taxes on the transfer. If you are required to take minimum distributions, you can use this transfer to satisfy your obligation.

To do: We must receive your gift by Dec. 31. If you have check-writing features on your IRA, your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year. 

Appreciated Stock

Avoid paying taxes on the appreciated value and qualify for an income tax charitable deduction based on today’s market value when you itemize.

To do: Complete the transfer by Dec. 31.

Donor Advised Fund

Now is a great time to contribute to an existing fund and enjoy tax savings when you itemize. You can then recommend a grant (or recurring grant) to Vail Health Foundation.

To do: Complete the contribution by Dec. 31. You do not have to designate the funds this calendar year to receive the tax benefits. However, there is still time to give to Vail Health Foundation and other charities from your DAF.