More Ways to Give to Whales of Guerrero

When you give to Whales of Guerrero, you are helping to protect and preserve healthy oceans and marine wildlife and support thriving coastal communities in Mexico for generations to come.

We’ve had a lot of success since we began working together to connect people with nature through programs that inspire and empower back in 2013. That success is a direct result of the strong support we receive from people like you. There are many ways to support Whales of Guerrero.

Tax Efficient Ways to Support Us

There are multiple ways to donate to Whales of Guerrero.  Giving cash is certainly one option but there are alternative ways to give that can be more tax efficient.  Two common and easy ways to give include: giving appreciated securities from non-retirement accounts and making charitable distributions from retirement accounts.

Type of Gift:  Appreciated Securities (stocks, bonds, mutual funds, etc)

From: Non-Retirement Investment Account

When you donate stock to charity, your gift is tax deductible for the fair market value of the stock on the date of the gift. Donating stock does not create a capital gains tax liability for you or for the charity.  Whereas selling stock and then giving the cash recognizes realized gains and it taxable to you.  Instead, donating appreciated stock avoids the tax on the gains.

For instance, if you own $10,000 worth of ABC stock that you bought several years ago for $2,000 and you donate the stock, you will not have to pay capital gains stock on the $8,000 gain.

 

Type of Gift:    Qualified Charitable Distributions

From: Individual Retirement Account (IRA)

A Qualified Charitable Distribution (QCD) is another excellent tax-efficient way to make charitable gifts.  Provided you are age 70½ or older, you can make a distribution directly to a charity up to $100,000 per year from your IRA.  A QCD can be used towards satisfying your annual Required Minimum Distribution (RMD), too.  Instead of the tax benefit coming to you as a tax-deductible gift similar to when you give cash, the QCD from you IRA is not counted towards your taxable income.  The amount of your QCD is completely excluded from your taxable income.  A QCD is popular with retirees who normally make charitable donations.

For instance, if your RMD is $ 20,000 and you make a $ 15,000 QCD, your taxable IRA income is only the remaining $5,000 to satisfy your RMD. Or, if your RMD is $ 30,000 and you satisfy your RMD by giving a total of $ 30,000 in one or more QCDs, you will have no taxable income from your IRA.  In this instance, you get to make the charitable contribution, satisfy your RMD and have no taxable income.

For more information, ask your financial advisor or contact us or connect with our financial advisor, Harfst and Associates, directly at 541-488-2634 or info@harfstassoc.com.

 


How to make a tax-deductible stock gift to Whales of Guerrero

Below you will find the information necessary to transfer your shares into our account as a tax-deductible gift. 

Please contact our account manager, Danette Harfst or Katherina Audley, Executive Director to let us know you’ve made a stock gift so we know who to thank! 

Whales of Guerrero broker information (this is where your broker should transfer the stock):

Investment Firm: Harfst and Associates, Inc.
Account Name: Whales of Guerrero
Account Number:  944358368
DTC Number: 0188
Account Manager: Danette Harfst
Phone Number: 541-488-2634
Fax: 541-488-0599
Address: 1970 Ashland Street, Ashland, OR  97520
E-mail: danette@harfstassoc.com