Giving through your wealth (assets) rather than your income (cash) is one way you can make a big impact. And it might save you on taxes now or in the future!
Below are three common ways people support Bethany House with their assets.
Gifts of Stock
Transfers of appreciated stock is an efficient way to support Bethany House while also avoiding capital gains taxes. You can donate any stock you have held for more than one year.
Contact your broker to initiate a stock transfer and share with them the following information:
Custodian: PNC Bank
Contact: Jon Bangor, 412-209-4630
Account Name: Bethany House Gift Account
DTC Number: 2616
Account Number: 21-75-070-6882773
Gifts from IRAs (Retirement Accounts)
If you are 70 ½ years or older, you can give up to $108,000 directly to Bethany House from your IRA without paying taxes on the money. This is called a “Qualified Charitable Distribution” (QCD). Furthermore, a QCD counts towards your “Required Minimum Distribution” (RMD).
You will benefit from tax savings and jump-start your legacy, while also seeing the impact of your donation.
Donor Advised Funds
When you make a contribution to an approved charity that holds and manages your money in a Donor Advised Fund (e.g. Fidelity, Greater Cincinnati Foundation, etc.), you can receive an immediate tax deduction. You can then recommend grants to Bethany House from this fund any time you’d like.
Legal Name: Bethany House Services, Inc.
Address: 4769 Reading Road, Cincinnati, OH 45237
Tax ID: 31-1101401
If you have questions or would like more information, please contact Daniel Flynn, Chief Development Officer, at dflynn@bhsinc.org or (513) 557-2214.