Gifts That Make an Impact Now

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Charitable Gifts from Your IRA

Many donors feel that the direct transfer of funds from an IRA is a great way to make their compassion for animals a part of their legacy while reducing their taxable income.

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Here’s how it works:

  • You must be 70 ½ years or older.
  • An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
  • Your gift must be transferred directly from the IRA account to Lollypop Farm.
  • Your gift is a transfer of funds from your IRA to Lollypop Farm, so it does not create taxable income for you and is not considered a charitable tax deduction.
  • If you are 72 and older, the transfer of funds counts towards your annual Required Minimum Distribution from your IRA.

If you’re interested in this popular way to support Lollypop Farm, download our helpful resource, “How to Make a Charitable IRA Gift,” here

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Gifts of Real Estate

You may wish to transfer ownership of real estate to Lollypop Farm to protect animals for years to come. In doing so, you remove the property from your estate and relieve yourself of any future management worries. In addition, you can deduct the appraised value of the property from your income tax liability and avoid capital gains tax liability. If interested in this type of gift, please contact Cathie Wright, CFRE at 585-223-1330 ext. 245 or philanthropy@lollypop.org to discuss further.

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Gifts of Stock

By giving stocks, bonds, and mutual funds that have appreciated in value, you may receive a charitable income tax deduction for the full market value of the stock (up to a maximum of 30% of your adjusted gross income) and avoid paying the capital gains tax on any increase in the value of the stock. To receive instructions on how to easily transfer stock to Lollypop Farm, please call 585-295-5260 or email wright@lollypop.org.

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Gifts of Cash

This type of gift is simple and eligible for an immediate charitable tax credit.

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Cathie Wright, CFRE

Cathie Wright, CFRE

Vice President of Donor Relations

Robin Harisis

Robin Harisis

Legacy and Gift Planning

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Donate with confidence! Lollypop Farm, the Humane Society of Greater Rochester, is registered as a 501(c)(3) non-profit organization. Contributions to Lollypop Farm are tax-deductible to the extent permitted by law. The tax identification number for The Humane Society of Rochester and Monroe County PCA, Inc. is 16-0743047.

The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.