INTRODUCING A NEW WAY TO SUPPORT THE SERTC:
DONATE STOCKS TO MULTIPLY YOUR IMPACT!
We are excited to announce that we now accept stock donations as a way for you to support our mission of developing world-class wrestlers. By donating stocks, you can make a meaningful contribution while enjoying valuable benefits for yourself. Read on to learn more about this innovative giving opportunity.
Beneficial for Supporters:
Maximize Your Giving: Donating appreciated stocks allows you to magnify the impact of your contribution. By giving stocks directly to the SERTC, you avoid capital gains tax on the appreciated value. This means the full value of your stocks can be used to support our programs and athletes, enabling you to make a larger charitable contribution than if you were to sell the stocks and donate the proceeds.
Simplicity in Giving:
Direct Stock Transfer: You can transfer stocks directly to the SERTC's stock broker, Charles Schwab. This streamlined process ensures a seamless and efficient donation experience for you.
Convenient Transfer: Most major stock brokers have a 501(c)(3) public charity that facilitates strategic giving. This enables donors to contribute various types of assets, including long-term appreciated securities and non-publicly traded assets. By leveraging this platform, you can plan your giving more systematically and contribute non-cash assets to support the SERTC.
Individual Retirement Account (IRA) Benefits:
Tax Savings: Donating from your IRA can provide tax advantages, especially if you're required to take minimum distributions (RMDs) from your account. Qualified charitable distributions (QCDs) allow individuals aged 70½ or older to transfer funds directly from their IRAs to eligible charities without incurring taxable income on the distribution. This can potentially reduce your overall taxable income and result in lower tax liability.
Meeting RMD Requirements: If you're subject to RMD rules and do not need the full amount for personal expenses, making a charitable donation directly from your IRA can fulfill part or all of your RMD obligations. This allows you to satisfy your distribution requirements while supporting a cause you care about.
As always, we sincerely thank you for consideration in supporting the Southeast Regional Training Center. Because of partners like you we will continue to trend upward.