DONOR ADVISED FUND
A Donor Advised Fund (DAF) is a convenient way for donors to support causes they care about. Similar to a charitable savings account, it gives you the flexibility to recommend how much and how often funds are granted to PHSS and other qualified charities.
Making a contribution to your DAF can provide tax benefits now and the flexibility to recommend future donations to your selected non-profit organizations in the future. Consider naming PHSS as the beneficiary of the entire account or a percentage of the fund.
Contact your fund administrator for more information.
If you include PHSS in your plans, please use our legal name and federal tax ID:
Legal Name: Pelican Harbor Seabird Station Inc.
Address: 1279 Northeast 79th Street Causeway, Miami, FL 33138
Federal Tax ID Number: 59-2137331
Please note: DAF donors do not receive an additional tax deduction for grants recommended to PHSS but will receive a letter of thanks to confirm our receipt of your generous donation.
Qualified Charitable Distribution (QCD)
Under current tax law, individuals who have a traditional IRA and have reached the age of 73 must take a distribution from that account every year, which is taxed as regular income. Some donors may find that this Required Minimum Distribution (RMD) places them in a higher tax bracket or affects other benefit programs like Social Security or Medicare.
Consider instead sending that amount directly to a charitable organization, like Pelican Harbor Seabird Station, through a Qualified Charitable Distribution.
By doing this, the requirement for the IRA is met, the funds sent to PHSS are not counted as taxable income, and your support will directly go towards the care of our native wildlife.
Note that this distribution does not count as a tax-deductible charitable donation, but the standard deduction is unaffected by the QCD.
To decide if a QCD to PHSS is the right decision for you, please consult your tax professional and/or IRA custodian.
If you have any questions for Pelican Harbor regarding giving through a DAF or QCD, please reach out to Julie@pelicanharbor.org