Other Types of Gifts

Non-cash gifts, such as those from donor-advised funds, qualified charitable distributions from IRAs, and gifts of appreciated stock offer impactful and tax-advantaged ways to support InMotion’s mission.

Donor-Advised Funds

InMotion accepts contributions from donor advised funds (DAFs). A donor-advised fund is a giving account established at a public charity, such as a community foundation. It allows donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time.  Donors can contribute to the fund as frequently as they like, and then recommend grants to their favorite charitable organizations (such as InMotion), whenever it makes sense for them. Please note: donors may not receive personal benefit (including goods and services) from grants.

Donors can now recommend DAF grants to InMotion using the simple form on this page. Currently, clients of BNY Mellon, Fidelity Charitable and Schwab Charitable can make a designation through the form.

When you click “next” on the form, you will be redirected to log in to your financial institution to complete the transaction. InMotion’s tax ID is 46-4102770.

Qualified Charitable Distributions (QCD)

If you are age 70 1/2 or older, you can make a gift directly from your Individual Retirement Account (IRA) to InMotion. These gifts, called Qualified Charitable Distributions, can count towards your Required Minimum Distribution (RMD) if you have reached the age when you must take funds from your IRA (now 73). You can make a gift of up to $105,000 per year by making a request through your IRA administrator. Making a gift to InMotion directly from your IRA will eliminate the federal income tax that you would normally pay. For this reason, “IRA QCDs” do not qualify for a federal income tax charitable deduction. Beginning in 2023, the SECURE 2.0 Act raised the age that you must begin taking RMDs to age 73. If you reach age 72 in 2023, the required beginning date for your first RMD is April 1, 2025, for 2024 (from www.irs.gov).

Gifts of Appreciated Stock

A gift of appreciated stock (held for more than one year) to InMotion can benefit you in two ways: you receive a charitable income tax deduction for the full fair market value of the securities, and at the same time you may avoid capital gains taxes on appreciated stock. This helps your gift go even further! Gifts of securities can be made by electronic transfer. Please use our Securities Transfer Instruction Form for account information and to notify us of an impending securities transfer.

Legal/Important Information

Gifts should be designated to InMotion. Legal Address: 23905 Mercantile Road, Beachwood, OH 44122. EIN/Tax Identification Number: 46-4102770

Please note: this material presented on this page has been prepared for information purposes only, and is not intended to provide, and should not be relied on for, tax, legal, accounting, or financial advice. You should consult your own tax, legal, accounting and financial advisors before engaging in any transaction.

Questions about Making a Gift?

Please contact Chief Development Officer Wendy Voelker at 216-342-4016 or wvoelker@beinmotion.org