“Can I borrow a cup of sugar?”
The words, so common as to become woven into American cultural discourse, somehow harken back to a more idyllic time in our nation’s history.
As you’ve seen in this issue, BELONGING is one of six universal needs Boys Ranch strives to provide in every area of our residents’ lives. When these needs — safety, belonging, achievement, power, purpose and adventure — are met, people are freed to reach their God-given potential.
Let Cal Farley’s Boys Ranch help you with tax-wise ways to make your charitable giving work for you.
Gifts of securities like stocks or mutual funds provide you a tax deduction equal to their full market value.
Beyond your deduction, you also avoid capital gains tax on securities you donate.
Give a gift that provides fixed payments for life. You receive an income-tax deduction and many payments
can be tax-free.
If you are 70 ½ or older, you’re eligible to make a tax-free gift of up to $100,000 to Boys Ranch directly
from your IRA account. Your gift will not be included in taxable income from your IRA,
but it may fulfill your minimum required distribution.
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