Gifts That Reduce Your Taxes

Retirement

You can simply name Denver Zoo as a beneficiary of your retirement plan to foster a more sustainable world for animals.

Income taxes to your beneficiaries on retirement assets can be as high as 35 percent. This means, for example, that a $100,000 IRA will be worth only $65,000 when it gets to your loved ones.

Naming Denver Zoo as a beneficiary of your retirement assets generates no income taxes. Denver Zoo is tax exempt and eligible to receive the full amount, bypassing any income taxes. This means, for example, that a $100,000 IRA given to Denver Zoo will be worth the full $100,000.

To name Denver Zoo as a beneficiary of a retirement plan, simply contact your plan’s administrator. Our Federal Tax ID number is 84-0502539.

Life Insurance Policy

Do you have a life insurance policy that has outlasted its original purpose? You can use it (or a percentage of it) to reduce your taxes and create a gift for Denver Zoo that demonstrates your commitment to making a positive impact on species and habitats worldwide.

Potential benefits:

  • You could potentially reduce your income taxes.
  • You might possibly receive additional tax deductions if you make annual gifts so Denver Zoo would be able to continue to pay the premiums.
  • You can see firsthand how your gift supports our work if Denver Zoo cashes in the policy.
  • You can create your legacy. If Denver Zoo retains the policy to maturity, or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to Denver Zoo.

Gifts of Securities

You can use stocks, bonds, and mutual funds that have grown in value to create your legacy with Denver Zoo.

Potential benefits:

  • You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law).
  • You could possibly avoid paying the capital gains tax on any increase in the value of the stock you give.

Gifts of Real Estate

You could consider donating real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property.

Potential benefits:

  • You could reduce your taxes.
  • You might live in your home or use your properties for the rest of your life while receiving monthly payments from Denver Zoo.

Qualified Charitable Distribution

You can transfer funds from your IRA directly to Denver Zoo. This is an effective way to have an immediate impact and ensure our work on sustaining animal life here and around the globe continues.

Here’s how it works:

  • You must be 70½ or older.
  • An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
  • Your gift must be transferred directly from the IRA account to Denver Zoo.
  • Your gift is a transfer of funds from your IRA to Denver Zoo so it does not create taxable income for you and is not considered a charitable tax deduction.
  • If you are 72 and older, the transfer of funds counts towards your annual Required Minimum Distribution* from your IRA.

If you’re interested in this popular way to support Denver Zoo download a sample letter for your IRA administrator here.

 
* Congress has waived the annual Required Minimum Distribution from IRA Accounts in the year 2020 as part of the CARES Act in response to COVID-19. Please consider seeking advice from your financial advisor or tax professional to understand how recent changes to laws governing retirement plans may impact you and your charitable gift.
Hannah Yaritz and her dog
DONOR STORY

Hannah Yaritz

Hannah Yaritz is passionate about Denver Zoo’s mission and believes that the Zoo “talks the talk and walks the walk, and truly cares about the animals in their care as well as animal conservation efforts around the world.”

Need assistance? I’m here to help.

Headshot Josie Stewart

Josie Stewart

Gift Planning Manager
jstewart@denverzoo.org
720.337.1463

This information is not intended as legal, accounting, or other professional advice. For assistance in planning your legacy gift, please consult a lawyer and/or financial advisor for professional advice.