At the Barre Center for Buddhist Studies, our mission to share the transformative teachings of the Dharma is made possible by the generosity of people like you. There are several ways to support BCBS that provide tax advantages for donors, including gifts of stocks, donor-advised funds (DAFs), and qualified charitable distributions (QCDs) from individual retirement accounts (IRAs).
By exploring these giving options, you can make a meaningful impact on BCBS while maximizing your financial benefits.
Making a gift of appreciated securities, recommending a donation through a donor-advised fund, or making a qualified charitable distribution from your IRA are excellent ways to support BCBS’s work while potentially reducing your tax burden. These gifts are especially beneficial for donors who wish to:
These giving methods allow you to have a greater impact on BCBS’s mission while taking advantage of the tax benefits that come with supporting a nonprofit organization.
Donating appreciated stocks or securities is one of the most tax-efficient ways to give. When you donate stocks that have increased in value, you avoid paying capital gains tax on the appreciation, and you may be eligible for a charitable deduction for the full market value of the stock at the time of the donation.
Benefits of Stock Gifts:
To make a gift of stock to BCBS:
A donor-advised fund (DAF) is a charitable investment account that allows you to make a tax-deductible donation, invest those funds for growth, and recommend grants to charitable organizations over time. DAFs offer flexibility and tax efficiency, allowing you to make strategic charitable contributions when it’s most advantageous for you.
Why Give Through a DAF?:
To recommend a grant to BCBS from your donor-advised fund, simply contact your DAF provider and direct the gift to the Barre Center for Buddhist Studies. Be sure to notify us so we can thank you for your generous support!
If you are 70½ or older, you can make a qualified charitable distribution (QCD) directly from your IRA to BCBS. A QCD allows you to satisfy all or part of your required minimum distribution (RMD) without having to pay income taxes on the amount transferred to the charity.
Benefits of IRA Charitable Distributions:
To make a qualified charitable distribution, contact your IRA custodian and request a direct transfer of funds to BCBS. It’s a simple way to support the center while reducing your taxable income.
Legal Name: Barre Center for Buddhist Studies, Inc.
Address: 149 Lockwood Rd., Barre, MA 01005
Tax ID: 22-3058493
Organization Type: 501(c)(3) non-profit, educational organization
By supporting BCBS through gifts of stocks, DAF grants, or IRA charitable distributions, you help sustain our mission to provide a refuge for mindfulness, wisdom, and compassionate study. These methods of giving allow you to make a meaningful contribution while optimizing the financial benefits available to you as a donor.
We encourage you to explore these giving options with your financial advisor to determine the best way to support BCBS. Your generosity will help ensure that our programs and teachings continue to flourish for future generations.
Contact us for more information on how to make a gift through stocks, DAFs, or IRA distributions, or speak with your financial advisor to begin the process today. Together, we can make a profound and lasting difference.
Deepening Practice,
Building Community.
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