Large gifts may also be given for specific purposes. This may include gifts to go toward equipment, facility naming rights, specific programming, etc. Recognition of gifts to the RFC come in many different ways. A cash gift is deductible for the year in which you make your contribution if you itemize your tax return. Cash gifts can come in checks, credit card payment and annual giving pledges.
Donors sometimes choose to give appreciated assets such as stocks or other securities.
This may be a most effective way for you to support the RFC while preserving your own financial position. Retirement plan assets are a poor asset to pass on to heirs because of the income and estate taxes that apply to these plans. However, these assets are excellent for a charitable estate gift. This also has potential estate tax reduction. This enables their employee donors to multiply the effectiveness of their charitable donations.