Check for Matching Gift Opportunities
Your company may match a percentage of your charitable contribution, up to 100%, for gifts to certain types of organizations. Ask your company if it has a program. You may have to get a form from your company and send it to us. Matching gifts are credited to your personal giving record.
IRA Rollover Opportunity
If you are 70-1/2 and older, you can contribute up to $100,000 per year directly to the Brookfield Education Foundation from your IRA without triggering federal income tax on the IRA contribution. This gift would count towards your required minimum distribution, which would usually be taxed. For some taxpayers, making a gift this way will have the same tax consequences as taking a taxable IRA distribution and writing a check to BEF, but this IRA rollover is particularly useful if you do not itemize deductions.
Give Shares of Stock Instead of Cash
Consider contributing appreciated assets such as stocks and mutual fund shares rather than cash. Let’s say you have $10,000 of stock that you purchased years ago for $1,000. If you wanted to sell these stocks and move your money elsewhere, you would have to pay a federal capital gains tax on your $9,000 gain at rates up to 15%. You can avoid paying tax on the gain if you donate the securities, and can then deduct the market value of the shares (in this case $10,000) as a charitable gift, if you itemize deductions. To give appreciated stock, you must have held it for more than one year, and it must be publicly traded.
Click on one of the links below to explore other ways to support the Foundation.