I. Gifts of Securities
Donating appreciated securities such as stocks, bonds, or mutual funds can provide significant tax advantages:
- Avoid capital gains taxes on the appreciated value of the asset
- Receive a charitable deduction for the fair market value of the securities at the time of the gift (if you itemize)
To make a stock donation, please provide your broker with the following transfer instructions:
- Brokerage Firm: Charles Schwab & Co., Inc.
- DTC Number: 0164
- Account Name: Parkinsonlife Corporation
- Account Number: 24654901
Once you’ve initiated a transfer, please notify us at parkinsonlifecorporation@gmail.com so we can properly identify and acknowledge your gift.
If you have additional questions, please reach out to SFG Wealth Advisors at 813-251-9095, who service this brokerage account with Charles Schwab.
II. Qualified Charitable Distributions (QCDs) from IRAs
If you’re age 70½ or older, you can make a tax-free gift directly from your IRA to a qualified charity like ours. This is called a Qualified Charitable Distribution (QCD).
Individuals age 73 or older must take Required Minimum Distributions (RMDs) from their IRAs. A QCD counts toward your RMD but is excluded from your taxable income, which can offer valuable tax benefits.
How to make a QCD:
1. Contact your IRA custodian and request a Qualified Charitable Distribution to:
The Parkinsonlife Corporation
4030 Henderson Blvd. # 113
Tampa, FL 33629
Tax ID (if needed): 86-1311117
2. Ask them to include your name and contact information with the distribution so we can properly acknowledge your gift.
III. Check Donations
Make a check payable to: The Parkinsonlife Corporation
Mail check to:
4030 Henderson Blvd. # 113
Tampa, FL 33629
