Tax-Savvy Ways to
Support the Dharma
Stocks, donor advised funds (DAFs), and individual retirement account qualified charitable distributions (IRA-QCDs) can be tax-savvy ways to give.
When you give in this way, you make it possible for us to:
- preserve and expand access to Buddhist teachings and practice
- offer a wide range of transformational programs in person and online
- support participants who require financial assistance
- achieve our sustainability goals
- care for our land and facilities
- sponsor Bhikkhu Anālayo's study and practice
Stocks
The benefits of offering a gift of appreciated assets, such as stock, are two-fold:
you can receive a tax deduction for the asset’s full market value at the time of donating and
you can avoid paying any capital gains tax you might otherwise incur from the sale.
To offer a gift of stock:
- Consult with your tax advisor to understand your specific situation.
- Complete our Stock Donation Form.
- Forward the stock donation form to your broker.
- Email our Executive Director at richardh@buddhistinquiry.org or call (978) 355-2347 ext. 21 to let us know your transfer of stock has been initiated.
Donor Advised Funds
(DAFs)
- Legal Name: Barre Center for Buddhist Studies, Inc.
- Address: 149 Lockwood Rd., Barre, MA 01005
- Tax ID: 22-3058493
- Organization Type: 501(c)(3) non-profit, educational organization
IRA Qualified Charitable Contributions
(QCDs)
Beginning at age 72, retirement account holders are required to take required minimum distributions (RMDs) from tax-deferred retirement accounts like IRAs. You must pay taxes on these distributions.
If you find you don’t need all the funds, consider making an IRA qualified charitable distribution (QCD), also known as an IRA charitable rollover. You can distribute up to $100,000 directly from a Traditional IRA to qualified charities each year, tax-free. QCDs count toward your RMD and won’t be included in your taxable income – potentially reducing your taxes and ensuring that the entirety of your gift reaches BCBS.
You can also name BCBS as the beneficiary of your IRA, 401(k), 403(b), Keogh, or other qualified retirement plan.
Please contact your plan administrator for more information on how to give.
