Tax Savvy Ways to Give
The end of the year is quickly approaching, and now is the time to make gifts that matter.
If you are still looking to make a meaningful impact, consider supporting Seattle Parks Foundation and our community partners by taking advantage of these tax savvy giving strategies before December 31:
Give from Your IRA
If you’re 70½ or older, you can donate up to $108,000 annually ($216,000 for a couple) from your IRA directly to a qualified nonprofit as a Qualified Charitable Distribution (QCD). Gifts from your IRA to charitable organizations also count toward your Required Minimum Distribution (RMD) if you’re 73 or older and may reduce your taxable income. Make plans with your financial institution early to ensure your transaction counts for 2025.
Donate Appreciated Stock
By giving long-term appreciated securities instead of cash, you may avoid capital gains tax and receive a charitable deduction for the full fair market value—potentially increasing the size of your gift at no added cost.
Recommend a Grant from Your Donor Advised Fund (DAF)
If you have a DAF, year-end is a great time to make a grant recommendation. You’ve already received the tax benefit—now is the moment to support the causes you care about most.
Your gift will go towards supporting community projects that protect Seattle’s tree canopy, make our parks safer, and create robust public spaces in every corner of the region.
Have questions or need help getting started? We’re here to support you: donations@seattleparksfoundation.org.