Give Smarter: How Donating to Feeding Pets of the Homeless Can Provide Significant Tax Advantages

Give Smarter: How Donating to Feeding Pets of the Homeless Can Provide Significant Tax Advantages

When you give to Feeding Pets of the Homeless, you’re making a compassionate and tangible difference in the lives of vulnerable pets and their people. But beyond the emotional rewards, your donation can also provide significant tax benefits-especially when you give strategically.

Whether you contribute cash, appreciated stock, or make a gift through your IRA, there are powerful ways to maximize the impact of your generosity while reducing your tax bill.

  1. Cash Contributions: Simple and Rewarding

If you itemize your deductions, a cash gift to Feeding Pets of the Homeless-a qualified 501(c)(3) nonprofit-may be deducted up to 60% of your adjusted gross income (AGI).

📌 Example:
A $10,000 cash donation from a donor in the 35% federal tax bracket can reduce their taxes by $3,500.

  1. Appreciated Stock: Maximize Impact and Minimize Taxes

Donating long-term appreciated stock (held for more than one year) is often a more tax-efficient strategy than donating cash.

  • You avoid paying capital gains tax on the appreciation.
  • You receive a charitable deduction for the full fair market value of the stock.

📌 Example:
Let’s say you bought stock for $2,000 that is now worth $10,000.
By donating the stock to Feeding Pets of the Homeless:

  • You avoid paying capital gains tax (15% of $8,000 = $1,200 in savings).
  • You receive a $10,000 deduction, saving $3,500 in taxes (at a 35% bracket).
  • Total tax savings: $4,700, compared to $3,500 if you donated cash.

Result: Donating appreciated stock can save you more-and help more pets in crisis.

  1. Qualified Charitable Distributions (QCDs): Ideal for Donors Over 70½

If you’re 70½ or older, you can donate directly from your IRA to Feeding Pets of the Homeless through a Qualified Charitable Distribution:

  • You can give up to $100,000 annually per person directly to a charity.
  • The donation counts toward your Required Minimum Distribution but is excluded from your taxable income.

This approach lowers your AGI, potentially reducing your Medicare premiums and keeping you in a lower tax bracket.

  1. Donor-Advised Funds: Flexible, Strategic Giving

A Donor-Advised Fund (DAF) allows you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants to nonprofits like ours over time.

  • Great for “bunching” multiple years of giving into one for tax savings.
  • Gifts of cash or appreciated assets can be made to the DAF, growing tax-free until granted.
  1. Legacy Giving: Estate Planning That Makes an Impact

Planning a future gift to Feeding Pets of the Homeless through your will, trust, or retirement account beneficiary designation:

  • May reduce estate and income taxes for your heirs.
  • Leaves a compassionate legacy for homeless pet owners in crisis.

Your Support Changes Lives-And May Reduce Your Tax Bill

Thanks to donors like you, Feeding Pets of the Homeless has treated more than 13,800 pets since 2008-providing emergency care to pets that might otherwise suffer or be surrendered.

Strategic charitable giving helps you support our mission while maximizing your tax benefits. If you’re considering a major gift, appreciated stock donation, or QCD, we encourage you to consult with your financial advisor to explore the best option for your situation as tax laws change frequently.

🦴 Questions about how to give?
We’re here to help. Contact us at info@petsofthehomeless.org or call (775) 841-7463.

Your generosity gives hope.
Your strategy multiplies impact.
Thank you for standing with us.

 

"From one animal lover to another."

Disclaimer

The views expressed on this blog are solely those of the author and do not necessarily reflect the views of Feeding Pets of the Homeless, and Feeding Pets of the Homeless hereby disclaims any responsibility for them.