Gifts That Reduce Your Taxes

Giving to Arts for Learning Maryland through Donor Advised Funds

Gifts of Stock or Mutual Funds

Transferring appreciated stock from your account to Arts for Learning Maryland can reduce your capital gains tax and provide greater tax benefits than a cash gift.

Complete this form for more information

Qualified Charitable Distribution/IRA Rollover

You can transfer funds from your IRA directly to Arts for Learning Maryland to help change the lives and education of Maryland youth. Supporters of all ages are also choosing to name Arts for Learning Maryland a full or partial beneficiary of their IRA, 401(k), 403(b), and other qualified retirement plans. Arts for Learning does not pay tax on these gifts and can put every dollar to work to serve Maryland's youth.

To initiate a current or future gift through your retirement account, download and complete our gift distribution form. Send the completed form to your IRA trustee, who will complete your distribution.

How it works

You must be 70.5 or older.
An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
Your gift must be transferred directly from the IRA account to Arts for Learning Maryland.
Your gift is a transfer of funds from your IRA to Arts for Learning Maryland, so it does not create taxable income for you and is not considered a charitable tax deduction.
If you are 72 and older, the transfer of funds counts towards your annual Required Minimum Distribution* from your IRA.
If you're interested in this popular way to support Arts for Learning, complete and download a sample letter for your IRA administrator below.

*Congress has waived the annual Required Minimum Distribution from IRA Accounts in the year 2020 as part of the CARES Act in response to COVID-19. Please consider seeking advice from your financial advisor or tax professional to understand how recent changes to laws governing retirement plans may impact you and your charitable gift.

Complete and Download our initiation form

Donor Advised Funds

A donor-advised fund (DAF) is a philanthropic giving vehicle like a charitable savings account. They provide an immediate tax benefit to you and allow you to easily manage your charitable giving.

Benefits

If you support multiple organizations, or if you want to secure a charitable deduction now and designate beneficiaries later, a DAF may work for you.

DAFs can be established with a number of entities, including community foundations and financial services companies, and can be easily set up through your financial institution or a community foundation to serve as a flexible charitable giving vehicle.

How it works

Establish a DAF with your local community foundation or preferred financial services company.
Make an initial gift of cash or stock to the DAF (a minimum initial charitable contribution may be required) and receive an immediate charitable deduction.
Make annual recommendations on gifts to be directed from your DAF to Arts for Learning Maryland. There are no transaction fees, which means 100% of your recommended grant goes to your charity or organization of choice.
You will also have the option to choose to remain anonymous to the gift recipient if you wish.

When you make a DAF gift, it is possible that the sponsoring organization will not share your information with us. Please submit a Donor Advised Funds Gift Notification Form when you have made your gift so that we can thank you and make sure that your gift funds what you intended.

Other Ways to Give