Many of us think of traditional monetary donations – a one-time gift or a monthly contribution– when we are considering ways to support nonprofit organizations. However, several alternatives can provide significant benefits to both the donor and the organization. Let’s explore three lesser-known methods for making donations that might just be the perfect fit for you and your financial situation.

Donate Non-Cash Gifts

Beyond cash, there are numerous non-cash gifts that can make a considerable impact on Vision House. Donations of stock, securities, or mutual funds can be highly tax-efficient, allowing you to give generously while potentially lowering your taxable income. Additionally, consider donating real estate, vehicles, boats, livestock, art, antiques, or jewelry. Each of these options not only helps support Vision House initiatives but can also aid in creating a greater financial benefit for the donor. This means your contribution can help even more families in the Seattle area while also being a savvy financial decision. (DTC 0221)

Donate from Your IRA or Donor Advised Fund

For those who are 70.5 years of age or older, donating directly from an IRA offers a unique opportunity to support causes that matter while reducing taxable income. This method allows you to give without incurring the tax liabilities that would typically accompany such distributions. You can also contribute from a Donor Advised Fund, which can further streamline your charitable giving. To find out more about these options, don’t hesitate to reach out to our staff for guidance on making an impactful difference in the lives of families recovering from homelessness. 

Planned Giving

Another powerful way to contribute is through planned giving. This allows individuals to plan their charitable donations over time, making it a responsible way to ensure that future generations benefit from your generosity. Regardless of your income level, planned gifts enable you to share your values and support sustainable initiatives. By including Vision House in your legal will, designating them as a beneficiary on a life insurance policy, or creating a charitable trust or estate plan, you can ensure your legacy supports lasting change.

One-time and monthly monetary donations are essential to the operation of Vision House; however, consider exploring these other avenues if they make sense for your financial and philanthropic planning. 

Whether you choose to donate non-cash gifts, contribute from your IRA, or set up a planned giving strategy, each method provides a meaningful way to assist those in need. If you have any questions, please reach out to Bob Bowen at bobb@visionhouse.org or call 425.228.6356.