Tax Smart Giving Strategies
Gift of STock
Your gifts of stock can offer significant benefits, including a charitable deduction.
How to Donate Stock
Notify your broker that you would like to donate shares to NWEdA. Stock donations must be transferred into our brokerage account.
Please email us at giving@nweducationaccess.org to provide information about your gift.
Gift from an ira
If you are 70 1/2 years or older, you can take advantage of a simple way to benefit NWEdA and receive tax benefits in return by giving a Qualified Charitable Distribution (QCD). You can give up to $100,000 from your IRA directly to a qualified charity such as NWEdA without having to pay income taxes on the money.
If you are married, and if you and your spouse are both over 70½, you may each give up to $100,000 to your favorite charitable organizations.
By making a gift from your IRA to NWEdA during your lifetime, you can see your philanthropic donation at work helping to fulfill our mission.
Other Benefits of IRA Gifts
You do not have to pay income taxes on distributions from your IRA to charities;
You can satisfy your minimum required distribution for the year;
You can reduce your taxable income; and
You can help to further the work and mission of your favorite charities, including NWEdA!
How to Get Started
Contact your IRA plan administrator to make a QCD gift from your IRA to us.
Your IRA funds will be directly transferred to our organizations to help continue our important work.
Please let us know if you wish for your gift to be used for a specific purpose
Donor Advised fund
A Donor-Advised Fund (DAF) is a charitable investment account that you set up, but it is managed by a tax-exempt non-profit organization like the Seattle Foundation, Fidelity Charitable, or Schwab Charitable.
This way of giving is popular for people who want to give to Northwest Education Access and other charities throughout the year and for extended periods of time.
How a DAF Works
First, you open an account and contribute cash, investments, and/or assets. This money can be invested for tax-free growth. You can even name your account, like the Johnson Family Fund.
Second, you qualify for a federal income tax charitable deduction at the time you contribute to the account, which means you only have to keep track of one receipt.
Third, you can then recommend how much and how often money is granted to your favorite charities—like NWEdA!
Information to Make a DAF Gift
Legal Name: Northwest Education Access
Federal Tax ID: 04-3602577
Mailing Address:
6920 Roosevelt Way NE #355
Seattle, WA 98115
If you have any questions about the information you need to provide to the sponsoring organization of your donor-advised fund, please email us at giving@nweducationaccess.org.
A DAF distribution is subject to IRS charitable contribution restrictions. For instance, DAF gifts cannot be used to pay for tickets to a fundraising event, gala dinner, or golf tournament.
You can use DAF Direct to give to us through your Fidelity Charitable®, Schwab Charitable®, and the BNY Mellon Charitable Gift Fund®.
Make a Legacy Gift
Through estate planning, you have the opportunity to establish a legacy that will last for generations, helping to ensure that all young people have the equitable access and support needed to achieve their education and career goals. Legacy gifts help us to build long-term financial stability for the programs we offer to our community of men.
Although there are many ways to leave a legacy at NWEdA, bequest and beneficiary designations are the most popular for their ease and simplicity:
Gifts in a Will
You can donate cash and/or appreciated stock, real estate, and personal property through your will by naming Northwest Education Access as your choice of beneficiary.
Beneficiary Designations
You can donate life insurance and/or retirement plans (IRAS and 401Ks) by designating Northwest Education Access as the beneficiary.
Please talk to your attorney or financial planner to determine what works best for you and your family. Often your advisor can show you options to give the same amount at lower cost, or how to give more to Northwest Education Access without increasing the cost of giving. See sample language here.
Charitable Remainder Trust
By using assets or cash to fund a trust, you will receive income and a tax deduction the year you transfer your assets. The remainder goes to Northwest Education Access after your lifetime or after a fixed period of time.
For more information, please emails us at giving@nweducationaccess.org.
Nothing on this website should be construed as legal advice. Please contact your attorney or financial advisor to determine what is best for your personal situation.