Tax Smart Giving
Maximize your impact and enjoy potential tax benefits by choosing tax-smart giving options. Whether you’re donating gifts of stock, IRA disbursements, or utilizing donor-advised funds, your contributions can make a significant difference in the lives of individuals with developmental disabilities while saving you money on your taxes. It’s a win – win!
Why Give Stock?
Donating appreciated securities, including stocks or mutual funds, to CEL is a powerful way to support our mission while also realizing significant tax benefits.
Tax Efficiency – Donating stock that has appreciated in value allows you to avoid capital gains taxes, while also providing you with a charitable deduction for the full market value of the stock.
Greater Impact – By donating stock directly, you can give more than if you sold the stock and donated the after-tax proceeds, maximizing your impact.
How to Donate Stock
- Inform Your Broker: Contact your broker to initiate the transfer of stock to CEL. Provide them with the following information: Brokerage Firm: RW Baird
Contact: Terri Geiss, [email protected] or (312)609-5462
DTC Number: 0547
Account Number: 70242522
Account Name: CEL - Notify Us: Once you have initiated the transfer, please notify our Development Director Lisette Zaid us at [email protected] with the details of your gift. This helps us ensure your donation is processed accurately and promptly.
You can also download the attached form to fill out and submit to your broker.
IRA Disbursements
If you are 70½ years or older, you can make a Qualified Charitable Distribution (QCD) from your IRA directly to CEL. This allows you to satisfy your required minimum distribution (RMD) without increasing your taxable income. Your generous IRA disbursement helps us continue to provide vital services and build supportive communities for individuals with developmental disabilities, ensuring they and their families thrive.
How to Donate by IRA
Contact Your IRA Administrator: Reach out to your IRA administrator to request a QCD to CEL. They will provide the necessary forms and instructions.
Provide Our Information: You will need to provide the following details to your IRA administrator:
- Organization Name: Center for Enriched Living
- Address: 280 Saunders Road Riverwoods, Illinois 60015
- Tax ID Number: 36-3339009
Specify the Amount: Indicate the amount you would like to donate. Remember, the total amount of QCDs in a year cannot exceed $100,000 per individual.
Send the Funds Directly: Ensure the funds are transferred directly from your IRA to CEL to qualify as a QCD.
Notify Us: Let us know about your generous contribution so we can properly acknowledge your gift and ensure it is used according to your wishes. You can contact [email protected]. Please note that IRA Administrators often do not provide us with donor information.
Donor-Advised Funds
Donor-advised funds (DAFs) offer a flexible and efficient way to manage your charitable giving. You can recommend grants to CEL from your DAF, enjoying the immediate tax benefits when you contribute to the fund while taking your time to decide which organizations to support. Your donations through DAFs sustain our innovative programs and resources, empowering our members to lead enriched, fulfilling lives.
Making A Difference
By choosing tax-smart giving methods, you not only benefit from potential tax savings but also make a profound impact on the lives of people with developmental disabilities. Your support helps CEL continue its mission to provide essential services, promote independence, and create a community where everyone feels valued and supported.
To learn more about Tax-Smart Giving please call or email Development Director Lisette Zaid at 847-315-9919.
Become a Monthly Donor!
Convenient, flexible, impactful: Monthly giving offers a convenient and flexible way to contribute, allowing you to spread your generosity throughout the year and enjoy the satisfaction of making an ongoing impact.
Enrich Lives Today!
Your donation will transform and enrich the lives of our members with intellectual and developmental disabilities.