Other Ways to Give

Better than cash! Gifts of stocks, Mutual Funds, or other appreciated assets.

Giving appreciated stock/mutual funds you’ve held for more than a year is better than giving cash.
You can take a charitable deduction for the stock’s fair market value on the day you give it away.
You’ll also avoid all capital-gains taxes on the increase in value, which you would have had to pay if you sold the stock then gave us the cash proceeds.
Your tax preparer may want to help you time things to maximize your tax benefit.

Our broker is a little shy about putting our account information on the website, so please contact us or call us at (631) 371-3886 to get the information you need make the transfer.

Make a gift from your IRA and you may enjoy tax benefits

If you are age 70 1/2, you can donate up to $100,000 a year from your IRA without treating the money as taxable income. These gifts count towards your minimum required distribution.

Sometimes, gifts like this arrive without a name, so please also ask your IRA’s administrator to let us know the identity of such a generous person, or just talk to us about it directly. Contact [email protected]

Remember, you can also list us as a beneficiary on your IRA. Again, just talk to your IRA administrator. (Note: the IRA Qualified Charitable Distribution provision applies to traditional and Roth IRA’s but not SEP or SIMPLE IRAs
Think of us in your will:

It’s easy and can be done in different ways.

Share your wishes with your attorney or will preparer. Here’s sample language:

“I give, devise, and bequeath $___ (or ___% of my estate) to the Long Island Bicycle Co-op based, 501(c)(3) charitable organization.”

Talk to us. If you have questions, please contact us.