Tax-Smart Options

There are a variety of tax-smart ways to give to the Pierce County Library Foundation.

Read below to learn more about how you can reach your philanthropic goals while also receiving certain tax benefits.

Gifts of Stock

Stocks, bonds, and other securities can be transferred as a gift to the Foundation.

The Foundation immediately converts all stock transfers to cash at the time of gift receipt. Your tax deduction is determined at the time the Foundation exercises the stock gift and the value is equal to the difference between the stock value and the option price.

Qualified Charitable Distribution (QCD)

Use your IRA to make tax-free gifts that benefit you and our mission

A Qualified Charitable Distribution (QCD) offers tax-efficient options for individuals aged 70 ½ or older to make gifts directly from Individual Retirement Account (IRA).

QCDs can count towards satisfying an individual’s annual Required Minimum Distribution (RMD), which is the minimum an individual must withdraw from their IRA each year once they reach age 73.

Real Estate

Gifts of real estate often include appreciated properties such as a home, vacation property, undeveloped land or commercial properties.

When making a gift of real estate, a donor can often donate the property while using it throughout their lifetime, while reducing estate tax liability.