Thank you for opening your hearts to the work of Lift Up the Vulnerable. Your prayers, support, and financial gifts have empowered countless children in miraculous ways. We are deeply grateful for you!

As we approach the end of 2024, there are opportunities to maximize your impact. Whether you itemize deductions or not, there may be current tax benefits that make now an excellent time to support LUV’s mission.

Here’s how you can make the most of your giving before December 31:

• For Non-Itemizers: While special pandemic-era deductions have expired, there may still be state-level incentives or other benefits for charitable contributions. Check with your tax advisor to see if your generous gifts can benefit you, even if you take the standard deduction.
• For Itemizers: In 2024, you can typically deduct cash donations up to 60% of your adjusted gross income (AGI). This is a valuable benefit if you itemize. Speak with your tax professional to explore how this can enhance your year-end giving.
• Business Owners: There are still incentives for businesses making charitable donations, including increased deduction thresholds for cash and food donations. Consult with your accounting team to see how a contribution to LUV could benefit your business before the year’s end.
• IRA Charitable Distribution: If you’re 70½ or older, consider a Qualified Charitable Distribution (QCD) from your IRA. This can satisfy your required minimum distribution while avoiding taxable income, effectively maximizing the impact of your gift.
• Stock Gifts: Donating stock is a smart way to give. By transferring appreciated securities, you can avoid capital gains taxes and receive an income tax deduction for the fair market value of the shares. Contact us to learn how you can easily transfer shares to Lift Up the Vulnerable.

Ready to give? Have questions? Contact Alex at alex@liftupthevulnerable.org

Your generosity transforms lives. By taking advantage of these potential benefits before December 31, you can make an even greater impact on the children we serve.