At Springs Rescue Mission, we believe in the power of generosity to transform lives. While traditional cash donations play a crucial role in supporting our mission to combat homelessness, there are also innovative and tax-efficient ways to contribute that you may not be aware of.
Here are some alternative ways you can make a lasting impact:
Any monetary gift of $250 or more to SRM is eligible to receive a 25-perecent Colorado state income tax credit through the Homeless Contribution Tax Credit (HCTC) program. The process is now easier than ever!
Make an HCTC DonationDid you know donating appreciated stocks, securities, or crypto can be a tax-smart way to give? By gifting these assets directly to SRM, the total market value of the gift is tax-deductible. You may avoid capital gains taxes on the appreciated value and benefit from the Homeless Contribution Tax Credit. Stock gifts valued at $5,001 and above qualify if transferred directly to SRM.
Ready to take the next step? Explore the resources below or work directly with your broker to explore tax-smart strategies for your investment portfolio.
Consider leaving a legacy that lasts beyond a lifetime by including SRM in your will or estate plan. This thoughtful gesture ensures your commitment to ending homelessness lives on, providing stability for future generations.
You can also designate SRM as a life insurance policy beneficiary. This simple act can make a meaningful contribution without affecting your current financial situation.
Have you already included SRM in your will or estate planning?
Donating real estate, such as a home or commercial property, can be a significant and transformative gift. Transferring real estate ownership means you can avoid capital gains taxes and receive a charitable deduction for the property’s fair market value. You may also choose to donate real estate as part of your legacy planning. This type of gift simplifies the estate process for your estate executor or heirs and multiples your charitable impact.
If you’re 70 ½ or older, you can make a gift directly from your IRA to SRM without incurring income taxes on the distribution. This charitable rollover, known as a Qualified Charitable Distribution (QCD), allows you to support neighbors in need while satisfying your annual Required Minimum Distribution (RMD) and potentially reducing your taxable income. Download the intent letter below and send it to your IRA Custodian or financial institution.
QCD Letter of IntentSetting up a Donor Advised Fund allows you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time. It's a flexible and strategic way to manage your charitable giving. Talk to your financial advisor to see if a Donor Advised Fund is a good tool for your charitable giving.
Supporting SRM through a workplace giving program is a powerful and efficient way to help neighbors in need. You can make regular, automated donations directly from your paycheck through your employer, maximizing your impact with minimal effort. Many companies also offer matching gift programs, which can double or even triple the value of your investment.
Donating a vehicle to Springs Rescue Mission is a powerful way to support clients on their journey back into employment and out of homelessness. The donation process is easy and you’ll receive a charitable tax deduction for the fair market value of the vehicle. Simply complete the donation inquiry form below and our team will contact you for more information
Every dollar you donate will be matched,
doubling the impact you have
on homeless neighbors in your community!
Help us reach our goal by September 30!
UMB Financial Services
Clearing Number - DTC0226
Account Name – The Springs Rescue Mission
Account Number – H8P-043370
So that we may properly acknowledge your gift, please email us at julied@springsrescuemission.org or call us at 719-314-2370.
Please email us at julied@springsrescuemission.org or call us at 719-314-2370 to discuss the best way to transfer such a gift.