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Give Now in Other Ways

There are many ways to make a gift that supports Concordia Place’s mission today.  In addition to knowing you are making a difference in the lives of children, teens, and families, some methods may provide you additional advantages or help you make an even larger gift.

Read below to see some other ways to give and you can also see our gift acceptance policy here.

Tax laws change and people’s situations are different.  Concordia Place does not provide tax or financial advice.

Donor Advised Funds (DAF)

Donor Advised Funds (DAF) allow you to manage your charitable giving now—and in the future.

With a DAF created by a sponsoring organization, you can donate cash, stocks, real estate, or even non-publicly traded assets such as private business interests, cryptocurrency, and private company stock to the DAF. You are eligible for tax deductions at the time you donate to the DAF.

The sponsoring organization manages your donated assets until you make a recommendation as to which charity to support. You control the timing, amount and recipient of all the donations.

The donation comes from the DAF from the assets you already donated.

You can even use DAF as a way to include charitable giving in your estate planning as well.

IRA Charitable Rollover or Qualified Charitable Distribution (QCD)

If you are 70 ½ or older, you can make gifts (up to a maximum of $100,000 per year) to Concordia Place directly from your IRA account without paying income taxes on the money.  This popular giving option is called the IRA charitable rollover or a Qualified Charitable Distribution.

Simply instruct your IRA plan administrator to make a direct transfer to Concordia Place from your plan.

  • Beginning in the year you turn 72, your gift can satisfy all or part of your required minimum distribution.
  • Your gift is put to use today, allowing you to see the difference your donation is making.
  • The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize deductions.
  • The gift is transferred directly to the charity, so it does not count as income for you.
  • Since the gift doesn’t count as income, it can reduce your annual income level, which may help lower your Medicare premiums and decrease the amount of Social Security subject to tax.
  • Gifts can be made only from an IRA.*

*Under certain circumstances you may be able to roll assets from a pension, profit sharing, 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to Concordia Place. Speak with your plan administrator to determine if a rollover to an IRA is available for your plan.

Securities and Mutual Funds

You can use publicly traded securities as gifts for our mission!

Securities and mutual funds that have increased in value are especially popular assets to use when making larger gifts to Concordia Place.

When you donate appreciated securities or mutual funds you have held more than one year, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.

When you donate securities, you receive the same income tax savings as writing a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.

How It Works

The ELCA Foundation administers gifts for Concordia Place at a reduced brokerage fee because of our affiliation with the Evangelical Lutheran Church in America.  At a high level, here’s how it works:

You donate your stock to the ELCA Foundation (who has the brokerage account).

  • The ELCA brokerage firm (Wells Fargo Advisors) sells the stock on behalf of Concordia Place­—usually the same or next day after they receive the transfer from your brokerage firm.
  • The ELCA transfers the proceeds to Concordia Place less the broker fees and nominal pass-through fees. (You do not pay these fees.)
  • Concordia Place acknowledges your gift at the market value, before broker fees.
  • The ELCA provides you the acknowledgment for IRS purposes (because your gift is technically given to them and passed through to Concordia Place).

Details and step-by-step instructions are on the Depository Trust Company (DTC) Transfer Authorization form.  The ELCA Foundation contact for this transaction is Shawn Greene:

Shawn Greene
Donor Services Coordinator
Mission Advancement/ELCA Foundation

Evangelical Lutheran Church in America
8765 W Higgins Rd
Chicago, IL 60631
773.380.2976 | shawn.greene@elca.org

If you would like to transfer anything other than stocks held at a broker, please first contact Shawn Greene at the ELCA. And let us know your intentions so that we can help shepherd the transaction!