How to make an IRA gift
Under current tax law, if a donor is age 70 ½ and is required to take a minimum distribution annually from his/her Individual Retirement Account, that gift can be made directly to a nonprofit organization. This allows the donor to avoid claiming the distribution as income while benefiting the charity. These gifts are not allowed into donor-advised funds* but are allowed into any nonprofit agency fund held at the CFO, unrestricted fund, designated or field of interest endowment or scholarship fund.
A reminder the check must be made payable to the nonprofit organization. Please notify the CFO office this is an IRA rollover gift for tax acknowledgement purposes.
* IRA gifts can be made to a donor-advised fund but the donor must first claim the money as income, and then take the tax deduction. In many situations this is not the most tax advantageous for the donor. Please consult your own tax and financial advisors for personal decisions.
How to make a gift of personal property
Gifts of cars, trucks, boats, semi-trucks, livestock and other personal property can be made to the CFO. Each type of personal property has its own set of procedures. CFO staff is happy to explore these options with donors as each gift is unique.
How to make of gift of real estate
Real estate can be gifted through the Ozarks Charitable Real Estate Foundation (OCREF), a supporting organization of the CFO. Your gift of real estate is easily managed. OCREF provides you with a convenient vehicle for making real estate donations to your local affiliate foundation or favorite nonprofit organization.
A donor must have a title search, legal description and qualified appraisal completed in the last 60 days as a starting point.