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Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Sahaba WAQF.
By electronic transfer – Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to Sahaba WAQF.
By certified mail – If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Sahaba WAQF.
Your real property may be given to Sahaba WAQF by executing or signing a deed transferring ownership. You may deed part or all of your real property to Sahaba WAQF. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Sahaba WAQF.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
To leave your retirement assets to Sahaba WAQF, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Sahaba WAQF as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Sahaba WAQF. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
Please let us know if you have already included Sahaba WAQF as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.
Mailing a gift of cash – You can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.
Did you know that you can mail a check on December 31st and, even if the check is not received and cashed by Sahaba WAQF until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!
If you have any questions about gifts of cash, please contact us. We would be happy to assist you and answer any questions that you have.
A gift of your life insurance policy is an excellent way to make a gift to Sahaba WAQF. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Sahaba WAQF. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Receive a charitable income tax deduction
If Sahaba WAQF retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
If Sahaba WAQF cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Sahaba WAQF as the beneficiary of your policy.
A gift of mineral interests (oil, gas, gold, silver or other precious metals) is an excellent way to make a gift to Sahaba WAQF.
As a business owner, you have the opportunity not only to build your business and accumulate wealth for yourself and your family, but also to accomplish your philanthropic goals through charitable planning. A gift of your corporate stock or assets can provide you with tax and income benefits and help further our mission.
