Donors looking to join the Chautauqua Watershed Conservancy in our mission to preserve and enhance the water quality, scenic beauty and ecological health of the lakes, streams and watersheds of the Chautauqua region have many options to give beyond cash donations and legacy gifts.
Gifts of Appreciated Securities
Donors frequently contribute appreciated securities (stock) as charitable gifts. The IRS allows donors to deduct this type of gift as a charitable deduction, which allows donors to avoid capital gains tax on the transfer. Stock gifts often enable donors to make larger charitable gifts than if they were to give cash.
On the date of the transfer of the stock to the Chautauqua Watershed Conservancy, by a broker or by the donor, the stock will be valued as of that date as a charitable donation. In most cases, CWC will instruct its broker to sell the stock certificates so the proceeds may be used to support our mission.
IRA Charitable Rollovers
As of 2015, donors who are 70.5 years of age or older can make charitable distributions from their Individual Retirement Accounts (IRAs) as part of their Required Minimum Distribution. Qualified charitable distributions of up to $100,000 per IRA account owner will not be counted by the IRS as income for income-tax purposes. Donors can avoid taking their required minimum distribution as income by directing their financial institution to make a distribution from their IRA to the Chautauqua Watershed Conservancy by Dec. 31 in the desired tax year.
Gifts of Personal Property
Some donors contribute personal property that has market value, such as artwork, antiques, jewelry, motor vehicles and equipment. An independent appraisal paid for by the donor is required to establish an amount that can be recorded as a charitable gift for IRS purposes. In most cases, CWC will sell the property to support our mission.
In-kind gifts include gifts of labor or materials, such as construction, electrical or plumbing services, materials, or in some cases, personal expertise including consulting services. These are regarded as pro bono contributions and may have tax benefits for the donor.