Ways to Give

GIFTS OF STOCK

SOAR accepts gifts of publicly traded securities or mutual funds, including tax-advantaged gifts of appreciated stock. Increase the tax efficiency of your gifts by donating appreciated shares of stock directly to SOAR or donating from your IRA tax-free. Strategies like these allow you to contribute funds to SOAR that would otherwise be paid in taxes.

By transferring stock shares to SOAR, rather than selling them first and donating the proceeds, you avoid paying capital gains tax. This allows SOAR to benefit from your generous gift.

Contact us to learn more about these giving strategies and how they might further reduce your tax bill while also supporting our cause. For brokerage instructions, please contact jay@singoutandread.org. Remember: start early to ensure the transfer process is completed by year's end.

Please consult your tax advisor regarding your specific legal and tax situation. This information is not considered legal or tax advice.

GIVE FROM YOUR IRA TAX-FREE

If you're 70½ or older, you can make a direct charitable distribution from your IRA to SOAR. This powerful giving strategy allows you to:

• Satisfy your required minimum distribution (RMD)

• Reduce your taxable income

• Support SOAR's mission of bringing music and literacy to children

To make an IRA Qualified Charitable Distribution to SOAR, you can use the sample letter below to send to your financial institution:

SAMPLE LETTER TO YOUR BROKER:

Dear Sir / Madam:

RE: Request for Charitable Distribution from IRA Account #__________________.

Please accept this letter as my request to make a direct charitable distribution from the account referenced above.

Please issue a check in the amount of $__________________ (not to exceed $108,000) payable to Sing Out and Read, Inc. and mail it to:

Sing Out and Read, Inc.
Attention: Jay Graham
1901 Ulmerton Road, Ste 625-646
Clearwater, FL 33762

The tax identification number for SOAR is: 80-0731246. In your transmittal to SOAR, please include my name and address as the donor of record in connection with this distribution. Please copy me on your transmittal. I intend that this distribution qualifies for exclusion from my taxable income during the 2025 tax year. Therefore, this distribution must be delivered to SOAR no later than December 31, 2025. If you have any questions or need to contact me, I can be reached at _____________.

Thank you for your assistance in this matter.

Sincerely,
_______________

Click here to learn more about QCDs.

Please consult your tax advisor regarding your specific legal and tax situation. This information is not considered legal or tax advice.

We also accept:

• Planned gifts and bequests

• Corporate matching gifts

• In-kind donations

• Memorial and tribute gifts

“Bunch” Several Years of Giving Through a Donor-Advised Fund

You can contribute multiple years of gifts into a DAF now (and take the deduction this year) while making grants to nonprofits over time. Bunching is especially appropriate for year-end 2025 given the more restrictive tax laws that take effect in 2026.

Consider Complex Gifts

Many donors take advantage of the year-end to contribute real estate, business interests, or retirement assets. These gifts may reduce capital gains or estate taxes. 

To discuss these and other giving options, you can reach us at (813) 793-7604 or email us at: info@singoutandread.org