The San Diego Foundation is a public charity, classified under Section 501(c)3 fo the IRS code. This means all contributions to The Foundation are tax-deductable.
Specifically, what this means to you as a donor is the following:
- You can deduct the value of your gift for tax purposes in a specific and/or particularly advantageous year, yet provide for the distribution of your donations over a course of time.
- You and your heirs can avoid punitive estate taxes on gifts made.
- With a gift of appreciated stock, you can avoid costly capital gains taxes while realizing the maximum deductibility of your donation.
Compared to many other charitable giving options, including gifts to a separate, private foundation, the rules and regulations governing The San Diego Foundation are much less onerous. Foundation staff members are experts in the tax benefits and laws regarding all contribution types, and we are pleased to provide straightforward explanations of tax strategies based on the gifts you may currently be considering.
For more information contact us at GivingTeam@sdfoundation.org or 619-235-2300.