GIFTS OF RETIREMENT FUNDS/IRAs

With your support, we are confident we can leave a legacy of healthy forests, clean waters, abundant wildlife, and natural areas that will improve the quality of life for generations to come.

Thanks to re-enacted tax law provisions, donors can make tax-free distributions from their individual retirement plans for charitable purposes. Individuals who are 70½ or older can make a tax-free distribution to their favorite charity – such as WPC – from an Individual Retirement Account (IRA) of up to $100,000 per taxpayer, per taxable year. These contributions count toward the Required Mandatory Distribution (RMD), but do not increase taxable income.

WPC is required to count all charitable gifts in the year in which they are received. However, this law allows individuals to make charitable transfers through January of 2011 and treat them as if made during 2010 for tax purposes.

To take advantage of this law, contributions must be transferred directly to the designated charity from a donor’s IRA account. Interested donors can speak to an IRA custodian or retirement plan administrator and direct him or her to make a contribution from their IRA directly to the Western Pennsylvania Conservancy.

If you have any questions about IRA rollovers or other charitable gift opportunities, please contact the Development office at 412-586-2336 or development@paconserve.org.

Note: We encourage you to consult your financial advisor and/or IRA administrator to determine if this opportunity is right for you.

APPRECIATED SECURITIES 

A viable alternative to a cash gift is a gift of appreciated securities. If you have owned the stocks or securities for more than one year, you are entitled to a charitable income tax deduction for the fair market value of your gift to the fullest extent permitted by law. You also avoid paying capital gains tax on the appreciation of the securities. Please contact your financial advisor for further information about tax deductions and eligibility.

1. Electronic Transfer through your Broker
Securities may be transferred electronically via DTC (Depository Trust Company) from your broker to the Western Pennsylvania Conservancy account at Janney Montgomery Scott. Please instruct your broker/agent to transfer securities to:

Janney Montgomery Scott, LLC
DTC: # 0374
Account: # 8678-4303
FBO Western Pennsylvania Conservancy
Attn: Cindy Pastin
1-412-562-7935

Mailing address:
Janney Montgomery Scott, LLC
600 Grant Street, Suite 3100
Pittsburgh, PA 15219

The transfer is effective when the Western Pennsylvania Conservancy receives the securities in its account at Janney Montgomery Scott. Please instruct your broker to call the WPC Development Office immediately at 412-586-2336 for acceptance of the gift and for further instructions.

2. Delivery By Mail of Physical Stock Certificates Registered in the Donor's Name
For instructions, please contact the Development Office at the number below.

REAL ESTATE

Depending on your situation, gifts of debt-free real estate are deductible at the full, fair market value on the day of the gift. Even better, there is no capital gains tax on the appreciation. Although an appraisal is needed to support your income tax deduction, you avoid the typical costs and delays associated with selling real estate.
Real estate that meets WPC's conservation objectives will be preserved in its natural state. Agricultural and timberland can be preserved for those uses. Other real estate, including homes, lots, and commercial property will be sold and the proceeds will benefit our conservation efforts.
 

Please Note: If you are considering a gift of land, we request that you notify us in advance so that we may discuss your intentions and ensure that your gift is handled according to your wishes. 

For more information, call 412-586-2356 or e-mail development at development@paconserve.org.