tax-deductible giving
FRIENDS of the San Juans is a 501 (c) (3) non-profit organization, so that most cash or stock gifts are fully tax-deductible (up to 50 percent of gross income). Support for our work can come in the form of cash, stock, real estate, boats and vehicles. You can also support FRIENDS through a bequest gift in your will or through your retirement plan. Some donors can double or triple the impact of their gift through workplace giving. See below for more details.
Gifts of Cash
Just print out the MEMBERSHIP/DONATION FORM and mail with your check or credit card information to:FRIENDS of the San Juans,
P.O. Box 1344,
Friday Harbor, WA 98250
Gifts of Stock
If you own securities that have increased in value since they were purchased (at least 12 months ago), you may be able to avoid capital gains tax this year by contributing the securities instead of cash. You'll receive a charitable income tax deduction for the full market value of the asset, and avoid capital gains tax on the appreciation of the securities. Or, if you want to dump some losers, you'll still receive the charitable deduction, along with the capital loss.
Bequest Gifts
By including FRIENDS as a beneficiary in your will, you can support our vital conservation programs in the future. The following language may be helpful to your attorney in facilitating your legacy gift to the Friends of the San Juans.
To make a gift to the Friends of the San Juans through a will, the following statements are recommended: “I give the Friends of the San Juans of PO Box 1344, Friday Harbor, Washington 98250 (EIN# 91-1087153) the sum of $ (or all my right, title and interest in the following legally described property (including tax parcel number and formal legal description) to be used in such manner as the Board of Directors of said Organization shall, in its sole discretion, determine.”
Workplace Giving
If your employer offers an Employee Matching Gift program, you can make your hard-earned dollars go twice as far with a matching gift to FRIENDS. Most employers will match your contribution, and some will do more, even if you are now retired. With any donation, including those related to your will or trust or other form of bequest, you may wish to consult your attorney or tax advisor. We will be happy to respond to any questions that you or your advisors may have. Please call us at (360) 378-2319.
Real Estate
By donating appreciated property to FRIENDS, you can avoid capital gains tax -- and receive a charitable contribution deduction equal to the property's fair market value. Note that the IRS requires an independent, qualified appraisal of the property for the deduction to be acceptable.
Boats and Vehicles
Please contact FRIENDS if you are interested in donating your automobile, boat, or RV. We will be happy to discuss issues of possible tax deductibility.
Retirement Plans
You can name FRIENDS OF THE SAN JUANS as a beneficiary of your IRA, 401(k), 403(b), or other qualified pension plan, for all or part of the value of the plan. The proceeds of these plans are distributed outside probate and are entirely free from federal estate tax.
Donors may need to consult their tax advisor for details of deductibility of non-cash gifts, or specifics of how tax deduction rules apply to their individual circumstances.
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