Gifts through a Donor-Advised Fund (DAF)
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.
**NEW! Donors can now recommend DAF grants to InMotion using the simple form at right. Currently, clients of BNY Mellon, Fidelity Charitable and Schwab Charitable can make a designation through the form. More national and community foundation DAF sponsoring organizations may be added in the future.
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.
You make a gift from your estate to InMotion. Your estate may claim a tax deduction for the full amount of your charitable bequest.
You make a gift of life insurance to InMotion. When you name InMotion as a beneficiary of all or part of your policy, InMotion would receive the death benefit.
Gift 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.
Qualified Charitable Distributions
Do you have remaining funds in your Required Minimum Distribution (RMD)? You may be able to convert your leftover RMD into a Qualified Charitable Distribution (QCD) as a gift to InMotion. A QCD is a direct transfer of funds from your IRA, payable directly to a qualified charity such as InMotion, as described in the QCD provision in the Internal Revenue Code. Amounts distributed as a QCD can be counted toward satisfying your RMD for the year, up to $100,000. There can be certain tax advantages to this type of conversion. Please contact your tax advisor to determine your eligibility.
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).
Click here to learn more about how to leave a legacy gift to InMotion through your estate plan.
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.
If you have any questions about how to make a gift to InMotion, please contact Chief Development Officer Wendy Voelker at 216-342-4016 or [email protected].
23905 Mercantile Road
Beachwood, OH 44122
Tax ID: 46-4102770