
There are also effective ways to maximize your charitable impact during your lifetime.
Bunching Gifts: Combining multiple years of charitable contributions into a single tax year which may help you exceed the standard deduction threshold and maximize itemized deductions.
Donor Advised Funds (DAF): A DAF allows you to make a charitable contribution, receive an immediate tax deduction, and recommend grants to non-profits over time. These offer flexibility and simplicity.
Qualified Charitable Distributions (QCDs): If you are 701/2 or older, you can transfer funds directly from your IRA to a qualified charitable organization. These distributions satisfy required minimum distributions (RMDs) and may reduce taxable income.
A Planned Gift allows you to include The American Friends of The School of St Jude in your estate plans-such as through a trust, Will, or beneficiary designation. This type of gift ensures that a cause you support and care about will continue to make an impact for years to come without affecting your current financial situation. In addition to creating a lasting legacy, these gifts may provide potential estate tax advantages and, in some cases, income tax benefits depending on how your gift is structured.
If you have already included American Friends of The School of St Jude in your will or estate plans, we would be honored to know. Please consider letting us know so we can thank you, welcome you to our legacy community, and ensure that we understand and can honor your wishes.
You do not need to share the amount or specific details of your gift.
If you are considering a legacy gift but haven't yet made your plans, we would also be delighted to hear from you and answer any questions you may have.
Please contact American Friends of the School of St Jude to inform us of your plans or for additional information about The School of St Jude by emailing Laurel Ashlock at laurel@afstjude.org.