News from Legal Aid of NorthWest Texas
Ways to Support Legal Aid of NorthWest Texas
Your gift can impact the future of someone in need of legal representation who might otherwise not have the means. You can prevent homelessness by curtailing evictions. Shelter someone from domestic violence and help them to secure child custody rights to protect their children. Help someone to secure much needed benefits for their disability.
Gifts of Appreciated Assets
Consider giving stock instead of cash. Giving appreciated stock or other assets held more than one year can eliminate the capital gains tax on that item. One advantageous strategy can be to donate a favorite appreciated stock and repurchase the same stock to increase its future cost basis, while still avoiding the capital gains consequence on the current shares, and supporting charity.
Monthly Giving
Setting up a credit card gift for a monthly donation can be an easy way to make an impactful contribution. Your on-going support will make a difference throughout the year. To set up a gift go to: https://legalaidnwt.org/
Gifts of Life Insurance
If you have a paid-up policy that is no longer needed, you can donate it to charity. You can irrevocably designate Legal Aid of NorthWest Texas as the owner and beneficiary of your policy which may entitle you to a charitable income tax deduction.
Gifts from Your IRA
If you are age 70½ or older, gifts directly to charity from your IRA are considered Qualified Charitable Distributions. Your gifts to Legal Aid of NorthWest Texas (up to $100,000 annually) would count toward your required minimum distribution (beginning at age 72 for 2021), and would not be considered taxable income for you. Contact your IRA administrator to discuss a fund transfer to the charity or charities of your choice.
Donor Advised Fund
You can recommend a gift to Legal Aid of NorthWest Texas through your existing Donor Advised Fund.
Cy Pres
Undistributed funds from a class action case can be used to advance the work of Legal Aid of NorthWest Texas as a Cy Pres recipient.
AmazonSmile
Amazon donates 0.5% of the price of your eligible AmazonSmile purchases to the charitable organization of your choice. Select Legal Aid of NorthWest Texas as your recipient and your AmazonSmile shopping will support justice for those in need. When you shop @AmazonSmile, Amazon will make a donation to Legal Aid Of NorthWest Texas. https://smile.amazon.com/ch/75-0856086
For More Information
For more information on how to give contact [email protected] or 817.339.5380 or visit www.lanwt.org.
Gifts May Be Tax –Deductible, Even If You Don’t Itemize
Taxpayers who take the standard deduction can receive a tax benefit for up to $300 in charitable contributions made in 2021. Joint filers can deduct up to $600. To receive the deduction, the donation must be in cash, and it must go to a qualifying organization, like Legal Aid of NorthWest Texas.
To Make A Gift
Go to: https://legalaidnwt.org/
Or Mail To:
Development Director
Legal Aid of NorthWest Texas
600 E. Weatherford St.
Fort Worth, TX 76102
Gifts of Appreciated Assets
Consider giving stock instead of cash. Giving appreciated stock or other assets held more than one year can eliminate the capital gains tax on that item. One advantageous strategy can be to donate a favorite appreciated stock and repurchase the same stock to increase its future cost basis, while still avoiding the capital gains consequence on the current shares, and supporting charity.
Monthly Giving
Setting up a credit card gift for a monthly donation can be an easy way to make an impactful contribution. Your on-going support will make a difference throughout the year. To set up a gift go to: https://legalaidnwt.org/
Gifts of Life Insurance
If you have a paid-up policy that is no longer needed, you can donate it to charity. You can irrevocably designate Legal Aid of NorthWest Texas as the owner and beneficiary of your policy which may entitle you to a charitable income tax deduction.
Gifts from Your IRA
If you are age 70½ or older, gifts directly to charity from your IRA are considered Qualified Charitable Distributions. Your gifts to Legal Aid of NorthWest Texas (up to $100,000 annually) would count toward your required minimum distribution (beginning at age 72 for 2021), and would not be considered taxable income for you. Contact your IRA administrator to discuss a fund transfer to the charity or charities of your choice.
Donor Advised Fund
You can recommend a gift to Legal Aid of NorthWest Texas through your existing Donor Advised Fund.
Cy Pres
Undistributed funds from a class action case can be used to advance the work of Legal Aid of NorthWest Texas as a Cy Pres recipient.
AmazonSmile
Amazon donates 0.5% of the price of your eligible AmazonSmile purchases to the charitable organization of your choice. Select Legal Aid of NorthWest Texas as your recipient and your AmazonSmile shopping will support justice for those in need. When you shop @AmazonSmile, Amazon will make a donation to Legal Aid Of NorthWest Texas. https://smile.amazon.com/ch/75-0856086
For More Information
For more information on how to give contact [email protected] or 817.339.5380 or visit www.lanwt.org.
Gifts May Be Tax –Deductible, Even If You Don’t Itemize
Taxpayers who take the standard deduction can receive a tax benefit for up to $300 in charitable contributions made in 2021. Joint filers can deduct up to $600. To receive the deduction, the donation must be in cash, and it must go to a qualifying organization, like Legal Aid of NorthWest Texas.
To Make A Gift
Go to: https://legalaidnwt.org/
Or Mail To:
Development Director
Legal Aid of NorthWest Texas
600 E. Weatherford St.
Fort Worth, TX 76102
Legal Aid of NorthWest Texas, Inc. is funded in part by the Legal Services Corporation (LSC). As a condition of the funding it receives from LSC, Legal Aid is restricted in certain activities in all of its legal work—including work supported by other funding sources. Legal Aid of NorthWest Texas Inc. may not expend any funds for any activity prohibited by the regulations governing the Legal Services Corporation. Legal Aid is required by 45 CFR Part 1610 to provide notice of these restrictions to all funders and contributors to organizations funded by the Legal Service Corporation.
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