Every Donation Counts
Donation Options
There are the many meaningful ways you can make a charitable gift to support the at-risk individuals in our community. You can make an unrestricted donation that allows IAGD to use the gift immediately to address pressing needs, or give a deferred gift for use at a later date, which may provide tax and other benefits.
Gift Options
Below are a number of giving options to consider when you are planning to make your next gift.
From Your IRA
For many, recent changes in tax law may impact the value of charitable donations. Despite these changes, gifts from your Individual Retirement Account (IRA) are unaffected. You don’t need to itemize your taxes in order to make an IRA charitable distribution.
If you are at least 70 ½ years old, you can use your IRA to make a gift to IAGD – any amount up to $100,000 per year.
Your gift, which must be transferred directly from your IRA to IAGD, counts toward your required minimum distribution and will be excluded from your federal taxable income. Charitable contributions can only be made from IRAs, not 401(k)s or similar types of retirement accounts. So you might need to roll funds over from a 401(k) to an IRA if you want to make tax-free charitable contributions part of your retirement plan.
Direct Donation: Write a check to IAGD Charitable Foundation and mail to P.O.Box 70717, Rochester Hills, Michigan 48307.
Real Estate: A donation of eligible property is another way to support IAGD. Real estate assets may be donated providing tax benefits to the donor and have the potential, in some cases, to provide a lifetime stream of income.
Life Insurance: Through a new policy, donors can fund their future gift to IAGD from income instead of capital. You can also opt to make IAGD a beneficiary of a paid policy whose coverage you no longer need for heirs or life changes.
Retirement Plans: The balance of your retirement plan may be worth more when donated to IAGD instead of to your heirs who will be taxed at a higher rate. Gifts of an employee retirement plan, IRA or tax-sheltered annuity are examples of what you may have in your portfolio.
Appreciated Securities: The IRS allows you one of its most significant tax breaks for gifts of appreciated securities.
Charitable bequest or remainder trusts: You can make IAGD a beneficiary of your will or living trust by designating a specific amount of funds or a portion of your estate go to IAGD.
To donate to IAGD please contact either Dr. Syed Akbar or Dr. Ghaus Malik:
Dr. Syed Akbar 248-894-4924 or drsaakbar@yahoo.com
Dr. Ghaus M. Malik 248-645-1232 or ghausmalik@hotmail.com