As the year draws to a close, we wanted to share some tax-savvy opportunities to maximize your charitable gifts. Of course, please check with your financial advisor regarding any gift options!  Year-end giving strategies:    And it’s never too early to think about next tax year! The IRS recently announced several tax updates for 2025.  Qualified […]

On April 24, 2016, everything changed for the May family.  Brooke May Taylor ’98 was driving in downtown Seattle when a city ambulance ran a red light, struck her car, and spun it into a traffic signal box and a tree.   Brooke suffered a traumatic brain injury that interrupted her career as an award-winning intellectual […]

A qualified charitable distribution, or “QCD,” can be an easy and tax-efficient way to make an immediate impact at Duke. Taxpayers who are 70 ½ or older can support Duke people, places, and programs using a tax-free transfer from a traditional IRA.  Benefits of a QCD gift: Ready to learn more? Download Duke’s QCD guide […]

You may have seen articles about donating IRA assets to a charity. For several years, donors 70 ½ or older have been able to make tax-free transfers from an IRA to a qualified charity. This transfer is known as a qualified charitable distribution, or “QCD.” Increase in QCD limit in 2024: Increase in QCD Gift […]

People say it every December and it continues to be true: This past year went by so fast! It’s hard to believe we are approaching another 12/31 and thinking once again about how to reduce taxes while supporting your favorite charities (like Duke!) before the tax year ends. Here are some ideas: Donating publicly traded […]

Beginning in 2023, the Secure Act 2.0 allows taxpayers 70 ½ or older to establish a charitable gift annuity with a qualified charitable distribution (QCD) from their individual retirement account (IRA). With a charitable gift annuity, a donor makes a gift to a public charity—like Duke—in exchange for  fixed, lifetime payments. While taxpayers have established […]

Naming Duke as a beneficiary of my will or retirement account is a complicated process. Gifts made through a will or retirement account are among the simplest, most straightforward ways to leave a lasting legacy at Duke. With only a couple of sentences in your will, you can designate a percentage of your estate (or […]

For many years, our office has had the pleasure of working with donors who use their required minimum distributions from Individual Retirement Accounts (IRAs) to make a gift to Duke. In December 2015, the charitable IRA rollover became a permanent fixture of the tax law. Due to this new provision, many more individuals have taken advantage […]

Two congressional bills have been proposed this year to allow more Americans to transfer funds from their individual retirement accounts (IRA) to charitable organizations.  Among other details, these proposals would restore, expand, and make permanent the charitable IRA rollover. The two new bills under review by Congress are: America Gives More Act of 2015 (H.R. […]

Think for a moment about everything you own…your car, your home, maybe another property that you purchased as a get-away or an investment, and your various investment accounts and bank accounts.  Which is worth the most? For many of us, it’s our retirement accounts.  If you’ve been contributing to these accounts year after year, then—despite […]