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.
Tax laws change and people’s situations are different. Concordia Place does not provide tax or financial advice.
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.
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.
*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.
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.
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).
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!
As a learning organization, Concordia Place is committed to continued improvement. We have learned that distinguishing between the Concordia Place and Concordia Day brands was not necessary.
Starting May 1, all visitors to concordiaday.org will be redirected to day.concordiaplace.org
By unifying around the sole use of the Concordia Place brand, we will provide clarity and focus on our mission to serve families and provide both care and education for their children.
