The Mile Hi Church Foundation’s Giving While Living program was established so you can experience the impact of your giving during your lifetime. Many of our donors choose to make gifts of cash or other assets during their lifetime and then augment these gifts with a legacy gift through their estate. Thoughtful gift planning like this empowers our donors and has a tremendous impact on the long-term well-being of our spiritual community.  

During your lifetime there are several “Tax-Smart Ways to Give” including gifts of stocks, securities, and mutual funds, Qualified Charitable Distributions from your IRA, and gifts from your Donor Advised Fund.

STOCKS, SECURITIES, AND MUTUAL FUNDS 

Many people choose to give stocks, securities, or mutual funds instead of gifts of cash to the Mile Hi Church Foundation. Giving appreciated assets like these can help you avoid paying capital gains taxes and can give you an income tax deduction for the full value of the gift if you’ve had the assets for more than one year.

By giving these appreciated assets to the Mile Hi Church Foundation now you will be able to experience the impact of your generosity and enjoy the associated tax benefits, OR add the Mile Hi Church Foundation as the beneficiary designation for these assets, and upon your transition, you may avoid potential estate and inheritance taxes.

Benefits

• Gifts of assets like these can often save you far more on taxes than gifts of cash
• Avoid capital gains taxes
• Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
• Make an immediate impact on our mission

How it Works

1. Transfer appreciated securities directly to us and avoid capital gains taxes.
2. You receive a tax receipt for the value of the assets.
3. The securities are then sold, and the proceeds are placed in the Foundation’s professionally managed endowment which helps ensure the long-term financial well-being of Mile Hi Church. To transfer stocks, securities, and mutual funds, your broker will need the following information:

Mile Hi Church Foundation
U.S. Bank Account# 19-CMØ232Ø
DTC# 2803
Tax ID# 84-0919606

QUALIFIED CHARITABLE DISTRIBUTIONS FROM YOUR IRA 

A Qualified Charitable Distribution (QCD) is a tax-efficient way for individuals who are age 70 ½ or older to make gifts directly from their Individual Retirement Account (IRA). QCDs can count towards satisfying an individual’s Required Minimum Distribution (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73.

Who it’s for

• Individuals 70 ½ or older
• Those who have an Individual Retirement Account (IRA) that is a traditional IRA, not a Roth IRA
• Those who want to make a charitable gift that counts toward their Required Minimum Distribution
• Those who want to reduce their taxable income

Benefits

• Reduce taxable income
• Counts towards your Required Minimum Distribution for the year
• Make an immediate impact on our mission

How it works

1. Instruct your IRA custodian to distribute up to $105,000 annually directly to one or more eligible charities like the Mile Hi Church Foundation.
2. The QCD counts towards your Required Minimum Distribution.
3. The QCD is not included in your taxable income, which can reduce your overall tax liability. Because the distribution comes directly from your pre-tax IRA, you will not receive a charitable income tax deduction for the QCD.

If you wish to make a Qualified Charitable Distribution, contact your IRA custodian to get started and provide them with our name, The Mile Hi Church of Foundation, and Tax ID# 84-0919606

DONOR-ADVISED FUNDS 

A donor-advised fund (DAF) allows individuals to make charitable contributions and receive an immediate tax deduction. The funds are managed by a DAF custodian, and the donor can recommend grants to their preferred nonprofit organizations like the Mile Hi Church Foundation. Donors can contribute to the DAF over time and recommend grants to charities at their discretion, providing flexibility in their giving strategy.

Benefits

• Retain the flexibility to make grant recommendations over time
• Receive an immediate tax deduction when contributing to your fund
• Make an immediate impact on our mission

How it Works

Log in to your donor-advised fund account or contact your fund administrator to submit a grant request to the Mile Hi Church Foundation, Tax ID#: 84-0919606.

If you choose to support the Foundation through any of these “Tax-Smart Ways to Give” methods please contact Mark Pino at mpino@milehichurch.org to let us know so we can ensure that you are properly acknowledged and that your gift gets put to use as you intend.

DISCLAIMER

This information is not intended as financial, legal, or tax advice. For information on how your philanthropic giving may affect your tax situation, please consult with your qualified financial, tax, and legal advisors.