Ways to Donate

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If you’re 70-1/2 or older, you can donate up to $100,000 per tax year directly from an Individual Retirement Account (IRA) to qualified nonprofits like The Jolly Trolley Foundation

Qualified Charitable Distributions (QCD), also known as IRA gifts or IRA charitable rollovers, are a great way to support our important work and allow your dollars to go further: QCDs may be excluded from your taxable income and qualify towards your required minimum distribution (RMD).

Your charitable gift will provide vital support for our organization as well as tax benefits for you and your family.

• Avoid taxes on transfers of up to $100,000 from your IRA to our organization.

• Satisfy your required minimum distribution (RMD) for the year.

• Reduce your taxable income, even if you do not itemize deductions.

• Make a gift that is not subject to the deduction limits on charitable gifts.

• Help further the work and mission of our organization.

• You must be 70-1/2 or older at the time of gifting your IRA to a qualified nonprofit organization.

• You may distribute up to $100,000 in a calendar year to one or more public nonprofit organizations. The distribution must be completed by December 31st of that year.

• Your IRA administrator must make the distribution directly to the charity, or you may write a check to the charity from your IRA checkbook. Funds that are withdrawn by you and then contributed do not qualify.

• For additional information on QCDs, please contact your financial advisor or IRA plan administrator.

1. Contact your IRA plan administrator to make a gift from your IRA to us.

• Organization Name: The Jolly Trolley Foundation

• Federal Tax ID #: 80-5691541

2. Your IRA funds will be directly transferred to our organization to help continue our important work.

• Please help us credit your gift, honor intent, and thank you by including your full name and mailing address on the gift.

• Please also have your administrator note that the transfer is an IRA Qualified Charitable Distribution.

3. Please contact Chelsey Holderness, Foundation Director at chelsey@houstonjollytrolley.com if you have any questions or if you wish for your gift to be used for a specific purpose.

Donating appreciated securities (such as publicly traded stock, bonds, or mutual funds) that you have owned for more than one year, is a great way to support our work. Compared to donating cash or selling your appreciated securities and contributing after-tax proceeds, you may be able to automatically increase your gift and your tax donation.

When you donate securities to The Jolly Trolley Foundation, you will receive a charitable income tax deduction for its full market value. Even better, you will avoid any capital gains tax on the increase in value of the stock since you purchased it.

A gift of stock made before December 31 of a calendar year may reduce your tax burden for the year you give. Your financial advisor can explain the possible tax benefits depending on whether the stock has appreciated or lost value since the time you acquired it. If your stock has been held long-term but has decreased in value, it may be more advantageous for you to sell the stock and give cash to The Jolly Trolley Foundation.

If you are interested in donating securities to The Jolly Trolley Foundation, please reach out to Chelsey Holderness, Foundation Director at chelsey@houstonjollytrolley.com for transfer information.

Does The Jolly Trolley Foundation accept gifts via electronic fund transfer (EFT) or wire transfer? 

We do! Donating funds for a major gift via electronic fund transfer may be faster and safer than writing a check. If you are interested in donating to The Jolly Trolley Foundation via a wire transfer or EFT, please contact Chelsey Holderness, Foundation Director at chelsey@houstonjollytrolley.com.