How You Can Make An Impact
Please join us for the 2021 Legacy Series: How Planning Can Bring Clarity and Positive Change.
Session 1 – October 15, 2021: Five Wishes: Communicating Your Personal, Emotional and Spiritual Wishes with Mr. Paul Malley. Register here
Session 2 – October 22, 2021: Estate Planning Essentials: Planning for Your Future Today with Phoebe Harris. Register here
Estate planning is a written expression of your intentions for the protection and preservation of your assets during your life and your plans for how you will leave your legacy.
We want you to know that wherever you are in the Ecosystem©, regardless of your wealth, it’s smart to have a will because of the peace of mind and ease that it can bring upon your passing. If there is no will, things can get complicated quickly, creating family stress and, ultimately, a delay in settlements.
Are you considering naming PMD Alliance in your will?
If so, we would like to personally ask you to join our Legacy Circle. Joining the Legacy Circle is not only a reflection of your values, but also your commitment to PMD Alliance.
Here are some suggested next steps:
- Contact our VP, Advancement today at email@example.com
- Seek the advice of your financial or legal advisor.
If you include PMD Alliance in your plans, please use our legal name and federal tax ID.
Legal Name: Parkinson and Movement Disorder Alliance
Address: 7739 E. Broadway Blvd., #352, Tucson, AZ 85710
Federal Tax ID Number: 47-5315579
IRA Charitable Rollover: Stocks, Bonds, & Real Estate
To request instructions for making a gift of stock or securities or a rollover of your IRA required minimum distribution contact Maureen Simmons, VP, Philanthropy, at firstname.lastname@example.org.
CARES ACT and Charitable Giving for 2021
CARES ACT CHARITABLE CONTRIBUTION EXTENDED FOR 2021
For 2021, giving to charity pays off. The Consolidated Appropriations Act (CAA) extended numerous provisions contained in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law in March 2020. These provisions include tax changes that allow donors to give more to charity at a lower cost.
For those who itemize their deductions the charitable contribution limitation has been extended for 2021. The limitation for cash contributions, formerly set at 60%, has not been raised to 100% of an individual’s adjusted gross income (AGI). This means donors who itemize their deductions can now give more before reaching their AGI limitation. In addition, any giving beyond the 100% AGI limitation may be carried over and used in the next five year, but the enhanced deduction expires after 2021.
For those who don’t itemize their deductions, the CARES Act extension also expanded above-the-line charitable deductions. The CAA extends the CARES Act’s allowance for up to $300 of an individual taxpayer’s charitable contributions to qualify as an above-the-line deduction. Married couples who file join returns can claim up to $600 as a deduction.
PMD Alliance will never recommend any specific strategies of giving; we are here expressly to serve the wishes of our donors. As with any decision regarding legal and financial matters, we recommend you consult with your own independent professionals including attorneys, accountants, trust officers, life insurance professionals, investment advisors, and real estate brokers.