nonprofit FAQs
Who is Gifting Insider?
The Gifting Insider team assists individuals in all areas of gifting throughout their lifetime. In order to help you, we help all parties involved in the gifting process. Our goal is to make the gifting process both simple and impactful. It has a variety of programs, including Best Interest Gifting™ (B.I.G.) and Nonprofit Operating Work (N.O.W.) Platform, a platform that helps nonprofit organizations educate donors and a platform for financial advisors to communicate with the custodian, CPA and charity.
WHAT IS THE N.O.W. PLATFORM™?
N.O.W. (Nonprofit Operating Work) Platform is an exclusive resource that nonprofit organizations receive when they sign on with Gifting Insider™. It includes turnkey digital marketing tools to help assist you in fund development! Request a demo by emailing info@giftinginsider.com.
WHAT IS B.I.G.?
B.I.G. stands for Best Interest Gifting™, which is a program aimed to increase the impact of individuals’ charitable donations. Using experience and knowledge of our Certified Advisors, we help determine which financial assets donors should use to gift to charities. We think about the tax impact and what assets are best left for their families to inherit.
WHAT IS A LEGACY IRA®?
A Legacy IRA® assists those who are over 70 1/2 make gifts through their IRA while reducing taxes owed. It helps track Qualified Charitable Distributions (QCDs) to help ensure donors receive the full tax benefit and helps ensure accurate tax reporting.
WHY SHOULD MY NON-PROFIT ORGANIZATION REGISTER FOR YOUR FLAGSHIP PLATFORM, N.O.W.™ PLATFORM?
Our team can create a better gifting experience for your donors and can encourage them to give more, more frequently. We help educate nonprofit teams on Best Interest Gifting, so you can ensure your donors are gifting in the best manner for them and their families. We also remove the hassle of the donation tracking process, and help you save time through our turnkey marketing tools.
TERMS TO KNOW
Required Minimum Distribution (RMD):
The amount of money an individual must withdrawal from their IRA once they turn 72. Watch video to learn more.
Standard Deduction:
A flat amount the IRS allows an individual to reduce taxable income if they do not itemize their deductions. It is based on your filing status, age and if you claim any dependents. Watch video to learn more.
Qualified Charitable Distribution (QCD):
The withdrawal of funds from a qualified IRA for an individual over the age of 70 1/2 that donates directly to a qualified charity. This will eliminate the tax owed on the withdrawal. You can give up to $100,000! Watch video to learn more.