You’ve worked hard to invest your hard-earned money and grow your savings. If you are looking for an opportunity to make an even more significant investment, consider donating your non-cash assets to Catie’s Closet to invest in the future of our youth and community.

Donor Advised Funds (DAFs) are investment accounts dedicated solely to philanthropic contributions, like charitable savings accounts. DAFs earn tax-free interest, growing your account’s funds until they are distributed to organizations close to your heart.

Your DAF sponsor helps oversee your funds, making this an easy, seamless way to give, while giving you complete control over where your funds are disbursed. Contributions from DAFs are 100% tax-deductible immediately, regardless of the timeline you choose to distribute your gifts to organizations. Your DAF sponsor handles the administrative work of receipts and record-keeping.

DAFs are not just for cash; you can also contribute to your DAF with securities, real estate, and other non-cash assets. You can make one-time or recurring donations through DAFs. Your gifts through a DAF can remain anonymous if you choose.

Popular DAFs Sponsors:

  • Fidelity Charitable
  • Schwab Charitable
  • Vanguard Charitable
  • National Philanthropic Trust
  • Bank of America’s Charitable Gift Fund
  • American Endowment Foundation
  • JP Morgan Donor Advised Fund
  • Silicon Valley Community Foundation
  • BNY Mellon
  • UBS Renaissance Charitable
  • Combined Jewish Philanthropies

How to give to Catie’s Closet through your Donor Advised Fund

Contact your DAF sponsor to designate Catie’s Closet for a grant distribution. We partner with Every.org and DAFpay to make giving through your DAF online easy.

Simply choose your giving amount, select your DAF sponsor, and log into your account to complete the process. If you would like to set up a DAF, consider sponsors like those listed above or research other options that fit your philanthropic goals.

Important Information you may need to designate Catie’s Closet for a DAF contribution:

  • Tax ID: 27-2531953
  • Charity Name: Catie’s Closet, Inc.

Have you already made a donation or are you planning to make a donation to Catie’s Closet through your DAF? We deeply appreciate your support. Please fill out the form below so we can connect with you and thank you properly.

Did you know you can make a Qualified Charitable Distribution (QCD) from your IRA to a charitable organization? This option is excellent for individuals or couples over 70 with a qualified IRA.

By age 73, you must withdraw a Required Minimum Distribution (RMD), which is considered taxable income. If you have more money in your IRA than you need, you can donate all or a portion of your IRA assets to reduce or eliminate paying taxes on your RMD.

Individuals can contribute up to $108,000 annually, and couples can contribute up to $216,000.

To avoid being taxed on contributions, you must make them directly to the organization from your IRA custodian. Fill out the form below to send to your IRA custodian.

Have you already planned for Catie’s Closet to receive distributions from your IRA? We deeply appreciate your support. Please fill out the form below so we can connect with you and ensure your gift is carried out according to your wishes.

Leave a gift that will make a lasting impact on the future of a child in need by considering Catie’s Closet as part of your will or trust.

Charitable Bequests

You can give a specific amount to a charity or charities of your choice, or choose a percentage of your remaining assets to give once all bequests and expenses have been covered. Legacy gifts can also include property and assets, such as real estate, stock, donor advised funds, IRAs, bank accounts, and more.

Charitable gifts made through a will or trust are typically deductible from both federal estate taxes and, in many cases, state estate taxes. This means that a larger portion of the estate can be passed down to heirs, rather than going to taxes.

Legacy gifts are flexible, and you can change your gift at any time, letting you control the lasting impact you want to make on your family and organizations that align with your values and the impact you want to make on the future of your community.

Gift by Beneficiary Designation

You can name Catie’s Closet as the beneficiary of assets such as checking and savings accounts, donor advised funds, life insurance policies, retirement funds, and savings bonds. This will help reduce and potentially eliminate taxes on these assets and reduce and avoid probate fees.

How to Write a Planned Charitable Gift in Your Will or Trust

  • Specific General Bequest: “I give to Catie’s Closet, a Massachusetts nonprofit corporation located in Dracut, MA, or its successor organization, the sum of $ _________ (or % of my estate), (or other personal property herein described) to be used for its general support and charitable purposes without restriction.”
  • Residuary General Bequest: “I give to Catie’s Closet, a Massachusetts nonprofit corporation located in Dracut, MA, or its successor organization, (all or a % of) the residue of the property owned by me at death, real and personal and wherever situated to be used for its general support and charitable purposes without restriction.”
    Specific Use Bequest: “I give to Catie’s Closet, a Massachusetts nonprofit corporation located in Dracut, MA, or its successor organization, the sum of $_________ (or % of my estate), (or other personal property herein described) to be used for (designated purpose*). If at any time it becomes impossible or impractical for my gift to be used for the above designated purpose, Catie’s Closet shall use my gift for a purpose and in a manner that it determines most closely meets the above designated purpose.”
  • Contingent Gifts: “I give the residue of the property owned by me at my death, real and personal and wherever situate, to _____________________, if he/she survives me. If he/she does not survive me, I give to Catie’s Closet, a Massachusetts nonprofit corporation located in Dracut, MA, or its successor organization, the residue of the property owned by me at death, real and personal and wherever situated to be used for its general support and charitable purposes without restriction.”

To add a charitable bequest to Catie’s Closet in your will or trust, contact your attorney to inform them of your wishes. Contact your bank, retirement plan administrator, insurance company, or other institution to request a beneficiary designation form for gifts by beneficiary designation.

Important Information you will need:

  • Tax ID: 27-2531953
  • Charity Name: Catie’s Closet, Inc.

Have you already planned for Catie’s Closet in your will or as a beneficiary designation? Please let us know so we can ensure your legacy gift is carried out according to your wishes.

Cryptocurrency is one of the fastest-growing forms of giving. Your crypto donations are 100% tax-deductible for their fair market value, as they are considered assets, significantly reducing what you would owe in capital gains tax. You will receive a receipt after your donation is confirmed on the blockchain.

How to Donate Cryptocurrency to Catie’s Closet

We partner with Every.org to make giving crypto online safe and easy. We accept over 70+ types of cryptocurrency using industry-leading security controls under global regulator security requirements.

Select the type of coin and the amount you want to donate. Every.org will provide a QR code or a URL to link your wallet to complete the donation. Donations made via crypto are automatically liquidated, making an instant impact.

Regardless of the stock market status, it is always a good time to donate stock.

If you have appreciated stocks or are looking to refocus your investments, making a charitable stock contribution can be a great way to rebalance your portfolio and save on your taxes.

Donating stock that has appreciated for over a year directly to an organization can contribute up to 20% more than selling the stock and gifting the cash as a donation.

When you donate stock to a charitable organization, your contribution is 100% tax-deductible, and you avoid capital gains tax and state capital gains income tax.

How to Donate Stock to Catie’s Closet

We partner with Every.org to make giving stock online safe and easy.

Enter the ticker symbols and quantity of stock you would like to donate. Once you confirm that the details are correct, click Get Instructions. Send the provided instructions to your provider and click “I will notify my broker.” You will also receive these instructions via email.

Have you already planned for Catie’s Closet to receive a stock donation? Please let us know so we can thank you and ensure your gift is carried out according to your wishes.