Did you know that giving back can also give you some important tax advantages? This is especially true of planned gifts! Making a gift in the form of IRA distributions, stocks and bonds, and more to the HudsonAlpha Foundation can benefit you this tax season while also making a big impact on HudsonAlpha Institute for Biotechnology‘s life-changing work in genomics.

HudsonAlpha is a 501(c)(3) nonprofit research organization that is supported by philanthropic donations. Planned gifts not only benefit you during tax season but are also a powerful way to support scientific research and STEM education programs that improve our community, our environment, and our healthcare for generations to come.

Scroll through the options below to discover the advantages you could gain from different types of planned gifts.

1. IRA charitable rollover or IRA distributions

• Avoid taxes on transfers of up to $105,000 from your IRA to HudsonAlpha
• May satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts

2. Gifts of retirement assets

• Simplify your planning
• Support the causes that you care about
• Continue to use your account as long as you need to
• Heirs can instead receive tax-advantaged assets from the estate
• Receive potential estate tax savings from an estate tax deduction

3. Gifts of stocks and bonds

• Avoid paying capital gains tax on the sale of appreciated stock
• Receive a charitable income tax deduction

4. Gifts of life insurance

• Receive a charitable income tax deduction
• If the HudsonAlpha Foundation cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
• If you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to HudsonAlpha so that they may benefit our mission of improving life through genomics research and STEM education

Learn more about how to make a planned gift or declare a planned gift to the HudsonAlpha Foundation.

If you have any questions, feel free to contact Jeff Moore, Director of Planned Giving and Major Gifts Officer, at jemoore@hudsonalpha.org or at 256-327-9434.

This information is not intended as tax, legal or financial advice. Consult your financial advisor for information specific to your situation.