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Other Ways to Give

GIVING STOCK AND APPRECIATED SECURITIES

Giving appreciated securities held more than 12 months may offer a two-fold tax savings.  First, you may avoid paying capital-gains tax on the increase in the value of your stock. In addition, you may receive a tax deduction for the full fair market value of the stock on the date of your gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs pennies on the dollar. Please consult your financial advisor for more information.

Please provide the following to your broker to make a gift to Baltimore Clayworks: Firm: T. Rowe Price | Account #: 30B479605 | Investor #: V9P383S | DTC #: 0443 | Federal ID:  52-1409133

It is important that you notify Baltimore Clayworks when your request is completed. Contact Matt Hyleck at 410-578-1919 x220 or email Matt.Hyleck@baltimoreclayworks.org.

DONATING FROM YOUR RMD (Required Minimum Distribution)

IRS rules require individuals who are 72 or older to take required minimum distributions (RMDs) each year from their tax-deferred retirement accounts. If you do not need all or part of your required minimum distribution funds for living expenses, it may make sense for you to avoid paying taxes on your required withdraw by donating all or part of your RMD from a Traditional IRA directly to Baltimore Clayworks. The qualified charitable distribution (QCD) can satisfy your required minimum distribution for the year up to $100,000. 

Important: the tax-free transfer will not count if you withdraw the money from your IRA first and then you contribute to a charity. 

• Knowing the Rules:
• Individuals must be 70 ½ or older to make a qualified charitable distribution.
• For the qualified charitable distribution to count towards your RMD, the funds must come out of your account by the end of the calendar year, December 31.
• Traditional IRA accounts are eligible for qualified charitable distributions.  Not eligible: 401(K) or 403(b) accounts. For questions about whether your tax-deferred account is eligible, be sure to consult your financial or tax advisor.
• To qualify, funds must be transferred directly from the financial institution that manages your IRA to a qualified charity like Baltimore Clayworks. The financial firm must issue a check from your IRA payable to Clayworks. If the check is made payable to you, the distribution would not qualify as a qualified charitable distribution and would be treated as taxable income.
• If you wish, you can divide up the required minimum distribute to send to multiple 501(c)(3) charitable organizations. The maximum total annual distribution amount that can qualify for a qualified charitable distribution is $100,000.
• Important: the tax-free transfer will not count if you withdraw the money from your IRA first and then you contribute to a charity. Always be sure to consult with your financial, tax and/or legal advisors before taking any action to ensure you are making the right decision for you.
• Information you might need to initiate a qualified charitable distribution: Baltimore Clayworks is a certified 501c3 FEIN#52-1409133, located at 5707 Smith Ave. Baltimore, MD 21209.

Additional Ways to Support Baltimore Clayworks

• Match your donation. Ask your Employer if they match donations.
• Give a Gift of Clay. Give a class, one-day workshop, art from our gallery or shop, or a Clayworks Gift Card.  For    other details or options call 410-578-1919, email info@baltimoreclayworks.org or stop in.
• Support our Artists. Shop in the galleries and retail shop, and take a class.
• Volunteer. Email info@baltimoreclayworks.org. 
• DONATE NOW!