We understand that maximizing your generosity while also considering your financial planning is important. Here are a few ways your contributions can make a significant difference, with potential tax benefits:
- Qualified Charitable Distributions (QCDs) from Your IRA: For members aged 70½ and older, a QCD allows you to directly transfer up to $108,000 in 2025 from your IRA to charity. This distribution is excluded from your taxable income and can even count towards your Required Minimum Distribution (RMD) if you are 73 or older. It’s a fantastic way to support us while decreasing your taxable income.
- Donating Appreciated Securities: Gifting appreciated stocks, bonds, or mutual funds that you’ve held for more than a year can offer a double tax benefit. You generally avoid capital gains tax on the appreciated value, and you may be able to deduct the fair market value of the securities (subject to AGI limitations).
- Bunching Charitable Contributions: If you typically take the standard deduction, but your itemized deductions are close to the standard deduction amount, you might consider “bunching” several years’ worth of donations into 2025. This could allow you to itemize in 2025, gaining a larger deduction, and then take the standard deduction in subsequent years.
We strongly encourage you to consult with your financial or tax advisor to determine the best giving strategy for your individual circumstances.
Understanding the “One Big Beautiful Bill Act” and Charitable Giving
The recently enacted “One Big Beautiful Bill Act” (OBBBA) introduces some changes to tax laws that may influence charitable giving, particularly as we look towards 2026. While we are continuously assessing the full impact, here are a few key provisions.
Universal Charitable Deduction (Effective January 1, 2026): The OBBBA makes permanent a universal charitable deduction for non-itemizers, allowing individuals to deduct up to $1,000 ($2,000 for married couples filing jointly) for cash donations to qualified public charities. This could broaden charitable participation.
- Changes for Itemizers and High Earners (Effective January 1, 2026): For those who itemize, a new 0.5% Adjusted Gross Income (AGI) floor will be introduced, meaning only contributions exceeding 0.5% of your AGI will be deductible. Additionally, high-income earners may see a reduced effective value of their itemized charitable deductions, capped at approximately 35%.
We are committed to keeping you informed about any developments that may affect your generous support. We always recommend discussing these changes with your tax professional.
Here are several other ways you can contribute or leave a lasting legacy:
Donate directly with stocks, bonds, mutual fund shares, real estate, and personal property.
To transfer stocks, please contact John Hanasack, Truchas Fundraising Chairman at 505-918-2275 or email us at [email protected].
Double your impact! Many companies offer a matching gift program. Check with your employer to see if your donation is eligible to be matched.
Have an unused car, truck, boat, or RV? Donate it to Truchas. We’ve partnered with careasy.org/nonprofit/Truchas to make the process simple.
For more information, contact John Hanasack, Truchas Fundraising Chairman at 505-918-2275 or contact us at [email protected].
You can ensure the future of our cherished rivers and streams for generations to come by including Truchas in your will or estate plan.
If you have already included us, please let us know so we can welcome you to the Truchas Legacy Society. Members receive special updates and invitations to an annual lunch.
To learn more, contact John Hanasack, Truchas Fundraising Chairman at 505-918-2275 or contact us at [email protected]
Your generous support allows us to educate our youth and protect New Mexico’s coldwater streams and rivers we all cherish. THANK YOU!
How You Can Help
Your donated dollars stay close to home and on the New Mexico streams and rivers you enjoy and in New Mexico youth conservation programs. Every contribution, no matter the size, is appreciated and needed.
Donate Online
All donations are undesignated and will be used to support our mission.
Donate by Mail
Send your check to:
Truchas Chapter
P. O. Box 6487
Santa Fe, NM 87502
Questions?
Contact us at:
[email protected]