What are non-cash assets?
Non-cash assets could be from a donor-advised fund, transfer of stocks, qualified charitable distribution, or cryptocurrency. This type of donation is a smart choice because it provides immediate support to Zebra Youth and often comes with financial benefits for you.
Our partnership with FreeWill provides a simple, online platform for you to:
Zebra Youth
Tax ID/EIN: 27-1645847
State Reg.: CH37413
Zebra Youth is still registered under Zebra Coalition, Inc. with the IRS but has been doing business as Zebra Youth since 2016.
Mailing Address
Zebra Youth, Inc.
911 N. Mills Ave.
Orlando, FL 32803
Planned Giving Contact
Tommi Pritchett-Rodriguez, CFRE
Development Director
Email: tpritchett@zebrayouth.org
Phone: 407-228-1446; option 3
Cell: 407-608-8663
Donor-Advised Funds (DAFs) are now one of the fastest-growing vehicles for charitable giving in the United States. DAFs present a significant opportunity for you to maximize the impact of your giving and support the causes you’re passionate about in a tax-efficient way.
Giving through your DAF is a simple way to use the funds and assets you’ve already set aside to advance our programs immediately.
We’ve partnered with FreeWill to make requesting a grant from your DAF easier than ever.
How does it work?
When you make a DAF gift, it’s possible the sponsoring organization will not share your information with Zebra Youth. FreeWill’s tool makes it easy for you to recommend your gift through your sponsoring organization and provide your personal information so that we can thank you and ensure your gift gets to where it’s intended.
Yes! When you invest in a Donor-Advised Fund (DAF), you receive an immediate tax benefit for your contribution. This allows you to reduce your tax burden while designating a portion of your assets for future charitable giving.
You can donate cash, non-cash assets like crypto and appreciated stock, and material assets like real estate and other personal property.
Currently, there are over $72B held in DAFs nationwide. When you contribute to a DAF, these funds are irrevocable, meaning they cannot be used for anything other than charitable giving in the future. Many donors see DAFs as a tax-savvy investment for the causes, communities, and charities they love and wish to support.
DAF giving allows you to tap into the enormous resources held in DAFs nationwide and mobilize your funds for positive change in the world. Plus, everything held in your DAF has already been spent, which means you can reserve your real-time cash for your own immediate needs while still contributing to Zebra Youth and advancing our mission today.
Stock donations are uniquely impactful for Zebra Youth, and allow you to make an even bigger impact for the causes that matter most. The gains that you’ve made in the stock market are generally not taxed when you give them directly to a nonprofit. Practically speaking, you’re able to give more without dipping into your everyday funds, and we’re able to put the full value of the stock to work empowering LGBTQ+ youth.
By donating stock directly rather than selling it and donating the cash proceeds, there’s no capital gains tax to pay.
Generally speaking, capital gains tax is a tax on the profit you make from selling your stock. The federal capital gains tax rate can be as high as 20% on stock held for more than one year, and some states have their own method of taxing capital gains as well.
Timing matters! Gifts must be made on or before December 31st to count for the current tax year.
For example, to make an eligible gift for your 2024 taxes, your stock donation must be completed on or before December 31, 2024 — and if you plan to manually mail in your forms, you should plan to do so by early December.
Most donations to nonprofits occur in the last three months of the year, so by giving before the year-end rush, you can make an immediate difference for Zebra Youth when it’s needed most, and get ahead on your tax savings.
FreeWill makes each step of the process simple. Here’s what to expect:
Our priority is that each of our donors chooses the gift type that’s right for them. However, stock donations can be uniquely impactful for Zebra Youth since neither the donor nor our nonprofit has to pay capital gains tax. Practically speaking, that means our donors can give more and we can put the full value of the stock to work toward our mission.
Most nonprofits liquidate stock donations immediately upon receiving them, in order to (i) minimize any stock market risk associated with holding onto the stock; and (ii) immediately put the funds to work in fulfilling their charitable mission. Our finance committee reviews gifts of stocks to determine the best use of funds after liquidating the stocks. For instance, funds may be used for operating and program expenses or placed in an endowment or emergency fund.
As long as a nonprofit has a brokerage account, they can receive in-kind gifts of stock!
We recommend seeking professional advice to ensure that you can give the most tax-savvy gift based on the assets you hold and your personal circumstances. Stock giving can be a smart choice, even when a market is down or declining. If you hold appreciated assets, you can donate them without changing your portfolio — and you are also exempt from the “wash sale” rule (which prevents someone from selling stock at a loss, then buying identical stock within 30 days).
After donating stock, you are permitted to buy the same stock again within the day (a simple way to essentially redirect the cash you saved by donating stock!). This allows you to make a powerful, tax-savvy gift while maintaining your preferred portfolio.operty.
Yes! If you have appreciated stock you feel confident that you’re ready to part with, donating it directly to a nonprofit is a simple and compassionate way to balance (or clean up) your portfolio without any additional cost to you.
If you are age 70.5 or older with a traditional IRA, you’re eligible to participate in one of the most tax-savvy ways to support Zebra Youth: donating directly from your IRA. This is also called a Qualified Charitable Distribution, QCD, or an IRA charitable rollover.
QCDs can only be taken out of an IRA. 401(k)s do not qualify and are subject to regular taxes.
Gifts are always tax-free, regardless of whether or not the person itemizes on their return. This is one of the only ways to make a donation without dipping into your taxable income.
Gifts from an IRA need to be processed by Zebra Youth before December 31st.
Completing your gift before the end of the calendar year ensures it counts for the current tax year. Donating through your IRA doesn’t have to be complicated or stressful, and our online platform makes it painless and fast. You will be guided through the donation process in under 10 minutes; no sensitive information is required. Your paperwork will even be auto-completed online.
Required Minimum Distributions
Normally, if you withdraw funds from your Traditional IRA, they count toward your annual income. This will increase your overall tax burden, and in some cases it may even move you into a higher tax bracket.
However, IRA gifts are generally an exception to this rule—funds go directly from your IRA to your chosen charitable organization without needing to be withdrawn, thereby helping you avoid higher income taxes. That’s why when you donate from your IRA instead of withdrawing funds, you reduce your tax burden!
You must be 70.5 or older to make a Qualified Charitable Distribution.
Yes! By making a QCD before you need to take an RMD, you can potentially lower your RMD in the future. Plus, these gifts are always tax-free, even if you don’t need to take the RMD.
Cryptocurrency is digital currency existing on the blockchain (a way to store transactional data that is decentralized and distributed).
Crypto is virtual currency, which is considered to be property by the IRS.
When a crypto gift is made in support of Zebra Youth, FreeWill Impact Fund liquidates the crypto asset into cash using its cryptocurrency exchange account. Any exchange or processing fees incurred to liquidate the asset are paid out of the gross proceeds. FreeWill Impact Fund provides the donor with a tax receipt, which serves as evidence of the donation, and which is needed for the donor to claim a tax deduction for their charitable gift. FreeWill Impact Fund then distributes the net proceeds of the liquidated cryptocurrency to the charity that the donor wishes to support, subject to its grantmaking policies. FreeWill completely handles the processing and the risk, so donor information is fully protected!
FreeWill’s tool does not charge a transaction fee, so a donor’s gift will 100% go towards Zebra Youth’s mission.
When donors give crypto directly to charity instead of selling it and giving cash, they don’t have to pay capital gains taxes.
They also may receive a federal tax deduction against their income tax for the full value of the gift. Many donors choose to pass on these savings to the nonprofit they’re giving to, which allows for larger gifts for Zebra Youth.
Yes, giving crypto is entirely secure and processed by FreeWill. We provide a similar service to a DAF, with the crucial difference being funds are paid every two weeks (vs. years for DAFs). The FreeWill Impact Fund first accepts and then liquidates the crypto before distributing the USD to Zebra Youth. The donor will immediately receive a tax acknowledgment letter from FreeWill Impact Fund if requested.
Securities markets are inherently volatile, and the value of a donated crypto asset may change significantly between the moment of donation and its subsequent sale. The value of the gift corresponds to the exchange rate when it is liquidated. FreeWill automatically liquidates all cryptocurrencies within 10 minutes. Although price fluctuations may negatively impact nonprofit beneficiaries, they may benefit in the event a donated crypto asset appreciates between the time of donation & liquidation.
FreeWill Impact Fund is a tax-exempt organization pursuant to Section 501(c)3 of the Internal Revenue Code. Impact and FreeWill have entered into a licensing and processing agreement, pursuant to which Impact uses FreeWill’s software platform to facilitate its receipt and liquidation of donated crypto assets, and to generate gift receipts for donors, in exchange for certain licensing fees that it pays back to FreeWill.
Important Disclaimer:
FreeWill offers online self-help solutions for common estate planning needs and related educational content. Estate planning may implicate both state and federal laws, and estate planning needs will differ based on personal circumstance and applicable law. FreeWill is not a law firm and its services are not substitutes for an attorney’s advice. The information here is provided for educational purposes only and is not intended to provide, and should not be construed as providing legal or tax advice. This information is general in nature and is not intended to serve as the primary or sole basis for investment or tax-planning decisions.
