Donate a part or all of your IRA/401(k)/403(b) Required Minimum Distributions (RMD)
Are you over 70 ½ (or 73 if born after 1950) and taking a Required Minimum Distribution (RMD) from your IRA or 401(k)? Do you plan on making any charitable gifts this year? If so, you can direct part or all of your Required Minimum Distribution (up to $100,000) to the PTL Trustees.
Donate through a Donor Advised Charitable Giving Fund
Donate Stocks or Mutual Funds
If you have investments that have appreciated in value, you may want to consider gifting such assets to maximize your charitable gift and tax benefit.
Gifting investments that have appreciated in value allows you to deduct the fair market value of those securities as a charitable gift and you could avoid capital gains tax that would have resulted if you sold the investment. By donating the appreciated investment, you will receive more benefit than selling it and making a cash gift.
Donating stocks and securities is easy to do and can have a significant impact on ensuring the future of our library and supporting community access to knowledge for all citizens of Peterborough. To transfer gifts of appreciated securities to the Peterborough Town Library Trustees, the Trustees have a brokerage account as a pass-through for your securities donation, which will be converted to cash which is transferred immediately to the Library Trustees. Talk to your broker or financial advisor about these options.
As it may be difficult to identify the source of stock donations, please contact the Library Director, Corinne Chronopoulos, at 603.924.8045 or via email at Corinne@PeterboroughNH.gov before your transfer so your gift can be properly acknowledged.
