Giving to SOS.
By making a financial gift at year-end (or anytime throughout the year) you can support causes that are important to you – and realize tax benefits. As you review your philanthropic donations, we hope you will consider making a gift to SOS.
The uncertainty about tax reform is prompting some donors to accelerate their charitable contributions in by paying off pledges early; making outright gifts of cash, stock or appreciated property; or by creating charitable remainder trusts, lead trusts, or gift annuities. If your advisor is recommending such moves, SOS Office of Development stands ready to assist you.
Make a Tax-Deductible Charitable Contribution
1. A charitable contribution may lower your income taxes if you itemize. You can make an outright gift online, by mail, or by wire transfer. In order for your gift to be credited in the current tax year, gifts made online or by credit card must be processed by midnight December 31, (credit card gifts should be made online; please do not send credit card information by mail) and gifts by check must be postmarked no later than December 31. Make a gift online.
Give a Gift of Stock
2. A gift of appreciated securities generally offers two tax benefits. By giving stock directly to SOS, a 501(c)3 non-profit tax-exempt charity, you avoid paying capital gains tax on the transferred securities. You also may receive a tax deduction for the full-market value of the securities at the time of the gift. Make sure you have owned the securities for more than one year to qualify for these tax advantages. For your gift to qualify for a year-end deduction, SOS must receive the securities by
Give through an IRA Rollover
3. A charitable IRA rollover allows donors age 70 1/2 or older to make charitable gifts that are excluded from taxable income and count toward their required minimum distribution (RMD). To qualify, gifts must be transferred directly from the IRA provider to SOS and meet certain other requirements. Please tell your fund manager to name you as the donor on the transfer.
Name SOS as a Beneficiary
4. With a planned gift to SOS (EIN #27-2624272), you can leave a legacy of making a difference in the world by helping people in medically impoverished communities for years to come. Planned gifts do not alter your current lifestyle in any way. One easy way to include SOS in your estate plan is to name SOS International, Inc. (dba SOS) as a beneficiary of your donor advised fund, retirement plan, IRA or life insurance policy. It’s as simple as filling out a beneficiary designation form from your plan provider or administrator. Your gift qualifies you for membership in The Waterman Society, named for our late founder, Norton Waterman, MD, to recognize generous donors who contribute to SOS in this special and lasting way.
Specific Gift Language
Naming SOS as a beneficiary of a specific amount from your estate is easy:
“I give, devise, and bequeath to SOS International, Inc. (EIN #27-2624272), fully incorporated under the laws of the Commonwealth of Kentucky __________% of my estate, or the sum of $______________, or the rest and remainder of my estate. I direct that this gift be used to meet the needs of children living in poverty.
For more information on how to make a gift to SOS, contact us at (502) 736.6360!