As one of the most tax-savvy ways to give, a gift of stock can directly benefit you and Opera San José:
Donating stock maximizes your gift — and your impact.
- When you donate stock, your dollar goes further than if you were to sell the stock and donate cash. This is because the money you would have paid in capital gains taxes can instead go fully to OSJ, maximizing your philanthropic impact. Stock donations are also tax-deductible.
It’s an easy way to give.
- Provide your broker with Opera San Jose’s account information and request a transfer of stocks, and notify our development department of the incoming transfer.
IRA Charitable Rollover
Anyone age 70½ or older can make a qualified charitable distribution (QCD) of up to $100,000 from their IRA to support Opera San José. This form of donation supports our mission while also helping achieve your personal financial goals.
Unlike regular withdrawals from your IRA, the amount of the QCD is excluded from your taxable income.
Your gift will be put to immediate use, helping relaunch OSJ as we return to the California Theatre.
It can satisfy all or part of a Required Minimum Distribution (RMD).
QCDs do not require you to itemize, which due to the recent tax law changes, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving.