• A DAF works like a charitable savings account, administered by a third party.
• You can establish a DAF by making an irrecoverable gift of cash, stock, or other assets to a sponsoring organization such as The Community Foundation of Greater Birmingham (or the one in your city), or financial services companies like Schwab Charitable, Fidelity Charitable, or Vanguard Charitable.
• Your donated assets are invested and can grow tax-free.
• You make recommendations for grants from your DAF to qualifying nonprofits such as BSC. The amount and timing are up to you.

You may also choose to designate BSC as a charitable beneficiary of your DAF after your passing, or designate others to carry on your legacy of giving.

• An easy, flexible, low-cost method of giving.
• Obtain a charitable income tax deduction in the year of your gift.
• Have more time to decide which charities to support.
• Make additional contributions in installments over time.
• Contribute appreciated securities and take a full deduction without paying tax on capital gains.
• DAFs are often a more tax- and cost-efficient alternative to setting up a private foundation.
• Compared to a private foundation, the start-up time and cost for DAFs is minimal. Gifts to DAFs are generally deductible at fair market value. A DAF is not subject to the distribution requirements and certain excise taxes faced by private foundations.

1. 1. Complete this form.
   2. Download the printable guide for stock gifts here, or call 205-226-4909 to have us send it to you.
   3. Call your broker directly to direct a transfer of appreciated securities to BSC, and then email [email protected] or call 205-226-4909 to let us know you’ve done that. Your broker will need this information:

   Account Name: Birmingham-Southern College
   Tax ID: 63-0288811
   DTC: #0226
   Account Number: Z44-101877
   Attention: FEG Investment Advisors
   [email protected] or 513-977-4400

• Making a gift of publicly traded stock that has increased in value and that you have owned for more than a year may provide greater tax benefits than donating cash.
• Your charitable income tax deduction is equal to the fair market value of the stock.
• You may avoid paying the capital gains tax on any increase in the current value over the original cost of the stock.
• Since you are transferring ownership rather than selling the stock, you may also save by not incurring brokerage fees.

• The IRS requires owners of IRAs to begin annual withdrawals from these accounts when they reach a certain age. The amount that you have to withdraw is determined by your age, the amount you have saved in an IRA, and your life expectancy. These distributions must be made each subsequent year, and failing to make a withdrawal may result in penalty taxes on the amount that should have been withdrawn.
• 
  In 2019, the SECURE Act made major changes to the RMD rules. If you reached the age of 70½ in 2019, the prior rule applies, and you must take your first RMD by April 1, 2020. If you reached age 70½ in 2020 or later, you must take your first RMD by April 1 of the year after you reach 72.

• Contact your IRA Plan Administrator to make your gift.
• Your IRA funds will be directly transferred to BSC to help continue our mission.
• You can designate how the funds should be used.

• By making an IRA charitable rollover gift to Birmingham-Southern, you can satisfy your annual required minimum distribution.
• Avoid taxes on transfers up to $100,000 from your IRA to qualified charities, like Birmingham-Southern College.

• Please note that IRA charitable rollover gifts do not qualify for a charitable deduction. But, because you are not receiving the funds as income, you will not be taxed on them.
• This giving opportunity only applies to certain types of IRAs, typically Traditional or Roth. Other retirement plans such as 401(k) and 403(b) accounts cannot be used. However, you may be able to make a tax-free transfer from such other accounts to an IRA, and then make a charitable rollover from there.
• If you are considering this type of gift, be sure to consult with your professional advisors to confirm that your transfer qualifies.

• It offers flexibility. A bequest is generally a revocable gift, which means it can be changed or modified at any time based on your situation or goals.
• It costs you nothing today and does not affect your cash flow during your lifetime.
• You can designate how your bequest will be used, for a general or specific purpose, so you have the peace of mind knowing that your gift will be used as intended.
• You may save federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, potentially allowing you to leave more assets to your family.

Your attorney can help you include a bequest to BSC in your estate plan. We have provided some basic bequest language to assist you and your attorney:

• Bequest of Specific Dollar Amount: I hereby give, devise and bequeath ________ and No/100 dollars ($DOLLARS) to Birmingham-Southern College, a nonprofit organization located at 900 Arkadelphia Road, Birmingham, AL 35254, Federal Tax ID #63-0288811, for Birmingham-Southern College's general use and purpose.
• Bequest of Specific Personal Property: I hearby give, devise and bequeath DESCRIPTION OF PROPERTY to Birmingham-Southern College, a nonprofit located at 900 Arkadelphia Road, Birmingham, AL 35254, Federal Tax ID #63-0288811, for Birmingham-Southern College’s general use and purpose.
• Bequest of Specific Real Estate: I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Birmingham-Southern College, a nonprofit organization located at 900 Arkadelphia Road, Birmingham, AL 35254, Federal Tax ID #63-0288811, for Birmingham-Southern College's general use and purpose.
• Percentage Bequest: I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Birmingham-Southern College, a nonprofit organization located at 900 Arkadelphia Road, Birmingham, AL 35254, Federal Tax ID #63-0288811, for Birmingham-Southern College's general use and purpose.
• Residual Bequest: I hereby give, devise and bequeath to Birmingham-Southern College, a nonprofit organization located at 900 Arkadelphia Road, Birmingham, AL, 35254, Federal Tax ID # 63-0288811, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Birmingham-Southern College's general use and purpose.
• Contingent Bequest: If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Birmingham-Southern College, a nonprofit organization located at 900 Arkadelphia Road, Birmingham, AL, 35254, Federal Tax ID # 63-0288811, DESCRIPTION OF PROPERTY to be used for Birmingham-Southern College's general use and purpose.
• Restricted Bequest: If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives and craft language to accomplish your goals.
  • If you are making a restricted bequest, we recommend that your attorney include the following provision to give Birmingham-Southern College flexibility should it no longer be possible for our Birmingham-Southern College to use your gift as you originally intended.
    • If, in the judgment of the Board of Directors of Birmingham-Southern College, it shall become impossible for Birmingham-Southern College to use this bequest to accomplish the specific purposes of this bequest, Birmingham-Southern College may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

• Continue to benefit from these assets during your lifetime.
• You can modify or revoke the beneficiary designation anytime.
• Avoid potential estate tax on retirement assets.
• Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis.
• Receive potential estate tax savings from an estate tax deduction.

• If you leave your retirement assets to your heirs at death, more than 50 percent of those assets may be taxed. You may want to consider leaving your heirs assets that receive a step up in basis, such as real estate or stock, and give your retirement assets to a charitable organization, like BSC.
• Contact us with questions or to let us know if you have already named BSC as a beneficiary of your retirement assets. We want to thank you and recognize you for your gift while also ensuring that your gift is used in accordance with your wishes once received.

• You can make a significant gift with modest premium payments.
• You can modify or revoke the beneficiary designation at any time.
• You may receive a charitable income tax deduction when ownership of your policy is transferred to BSC.
• If your policy is not fully paid up, you may also receive a deduction for annual premium payments if BSC owns the policy.
• If you are interested in making a gift of life insurance to BSC, please contact us so we can work with you and your professional advisors to ensure that the College can accept the policy. Please let us know if you have any questions or have already designated BSC as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift, `and ensure that your gift is used in accordance with your wishes once received.