Smart Ways to Give Before 2024 Ends to Impact 2025
Would it surprise you to learn that you can finish this year with a gift that maximizes your charitable impact and saves you money on taxes? Your gift will support innovation and entrepreneurship in 2025 as well. See how with the smart options below.
Would it surprise you to learn that you can finish this year with a gift that maximizes your charitable impact and saves you money on taxes? Your gift will support innovation and entrepreneurship in 2025 as well. See how with the smart options below.
Make an Immediate Difference
When you support Tampa Bay Wave’s mission by: (1) writing and mailing a check, (2) making a pledge on our online portal or, (3) simply by texting the keyword WAVE to #26989, you make great things happen and may receive a federal income tax charitable
deduction. If you itemize, you can write off the amount you are donating, resulting in lower taxable income. Unsure of whether your gift is tax-deductible? Contact your financial advisor or tax consultant.
When you support Tampa Bay Wave’s mission by: (1) writing and mailing a check, (2) making a pledge on our online portal or, (3) simply by texting the keyword WAVE to #26989, you make great things happen and may receive a federal income tax charitable
deduction. If you itemize, you can write off the amount you are donating, resulting in lower taxable income. Unsure of whether your gift is tax-deductible? Contact your financial advisor or tax consultant.
The deadline: Your on-line or text contribution must be entered or your envelope for a mailed check must be postmarked by the U.S. Postal Service on or before Dec. 31st for your donation to qualify this year.
Use Appreciated Securities
By donating appreciated securities that you have owned for more than one year, you receive the same income tax savings as you would by making a gift of cash. You also eliminate any tax on the appreciated value.
By donating appreciated securities that you have owned for more than one year, you receive the same income tax savings as you would by making a gift of cash. You also eliminate any tax on the appreciated value.
Your deadline: If the securities are electronically transferred to us, the gift date is the day the securities enter our account—not the date you ask your broker to make the transfer.
Contribute to Your Donor Advised Fund (DAF)
Add funds to an existing DAF or open a new one by a written agreement at a community foundation or sponsoring organization, such as your broker. Your deadline: You qualify for an income tax deduction when you make a gift to a DAF, without immediately having to choose the organizations you want to support. If you are ready to start making an impact with your DAF, consider recommending a grant—or recurring grants—to support Tampa Bay Wave. (Note: You only qualify for a tax deduction when you contribute to your fund, not when you recommend a grant, but your impact on Wave’s services delivery will be felt throughout 2025.)
Make a Gift From YourIRA, Enhancing Your Legacy of Success in Business
If you are 70½ or older, you can give any amount up to $105,000 from your IRA directly to Tampa Bay Wave. You will not pay income taxes on the transfer. If you are required to take minimum distributions, your gift can be used to satisfy all or part of your required distribution and celebrates your success in business by helping the next generation of entrepreneurs and business owners.
If you are 70½ or older, you can give any amount up to $105,000 from your IRA directly to Tampa Bay Wave. You will not pay income taxes on the transfer. If you are required to take minimum distributions, your gift can be used to satisfy all or part of your required distribution and celebrates your success in business by helping the next generation of entrepreneurs and business owners.
Your deadline:Your IRA administrator must remove the funds from your account by Dec. 31st for your donation to qualify this year. If you have check-writing features on your IRA, your check must clear your account by Dec. 31st to count toward your
required minimum distribution for the calendar year.
required minimum distribution for the calendar year.
You Can End 2024 on a High Note & Make an Impact
You will be helping entrepreneurs and innovators bring life-changing advances into the world, in healthcare, cyber security, equal credit opportunities, protecting the environment and so many other industries as startup founders build successful businesses and create new jobs, thereby fueling the community’s economic engine.
Further Resources on Supporting Entrepreneurship Through Year-End Tax-Advantaged Giving
We’re excited to share valuable insights from Danyell Munassi, Vice President of Wealth Management at Raymond James, who recently joined us for an enlightening three-part podcast series covering:
- Strategic approaches to maximize your charitable impact
- Why supporting entrepreneurship matters for our community
- Practical tools and methods for giving to Tampa Bay Wave
Follow the links to listen to the podcast series and learn more from an expert!
Tampa Bay Wave Contact Information
As we approach the end of the year, we are happy to help ensure that you realize the greatest benefit for your kindness. Please contact either Dee Garcia or Linda Olson at (813)280-4330 or[email protected] to get started today! Our website address is www.tampabaywave.org and our mailing address is 501 E. Kennedy Blvd, Suite 650, Tampa FL 33602.
As we approach the end of the year, we are happy to help ensure that you realize the greatest benefit for your kindness. Please contact either Dee Garcia or Linda Olson at (813)280-4330 or[email protected] to get started today! Our website address is www.tampabaywave.org and our mailing address is 501 E. Kennedy Blvd, Suite 650, Tampa FL 33602.
