Ways to Give

TAX SMART GIVING

Maximize your impact and enjoy potential tax benefits by choosing tax-smart giving options. Whether you’re donating gifts of stock, IRA disbursements, or utilizing donor-advised funds, your contributions can make a significant difference in the youth of Quintana Roo to fulfill their potential through the power of education while saving you money on your taxes. It’s a win – win!

Donating appreciated securities, including stocks or mutual funds, to OIDo is a powerful way to support our mission while also realizing significant tax benefits.

Tax Efficiency – Donating stock that has appreciated in value allows you to avoid capital gains taxes, while also providing you with a charitable deduction for the full market value of the stock.

Greater Impact – By donating stock directly, you can give more than if you sold the stock and donated the after-tax proceeds, maximizing your impact.

Contact Your IRA Administrator: Reach out to your IRA administrator to request a Qualified Charitable Donation (QCD) to Oido. They will provide the necessary forms and instructions.

Provide Our Information: You will need to provide the following details to your IRA administrator:

Organization Name: Oido
Address: 71 Twitchgrass Road, Trumbull, CT 06611
EIN: 45-3798076

If you are 70½ years or older, you can make a Qualified Charitable Distribution (QCD) from your IRA directly to Oido. This allows you to satisfy your required minimum distribution (RMD) without increasing your taxable income. Your generous IRA disbursement helps us continue to provide the best-in-class culinary and hospitality training available, affordable, and accessible to young people who are being held back by poverty-but have a dream and the drive to succeed.

Contact Your IRA Administrator: Reach out to your IRA administrator to request a Qualified Charitable Donation (QCD) to Oido. They will provide the necessary forms and instructions.

Provide Our Information: You will need to provide the following details to your IRA administrator:

Organization Name: Oido
Address: 71 Twitchgrass Road, Trumbull, CT 06611
EIN: 45-3798076

Specify the Amount: Indicate the amount you would like to donate. Remember, the total amount of QCDs in a year cannot exceed $100,000 per individual.
Send the Funds Directly: Ensure the funds are transferred directly from your IRA to Oido to qualify as a QCD.

Notify Us: Let us know about your generous contribution so we can properly acknowledge your gift and ensure it is used according to your wishes. You can contact jonathan@oido.co. Please note that IRA Administrators often do not provide us with donor information.

Donor-advised funds (DAFs) offer a flexible and efficient way to manage your charitable giving. You can recommend grants to Oido from your DAF, enjoying the immediate tax benefits when you contribute to the fund while taking your time to decide which organizations to support. Your donations through DAFs sustain our innovative programs and resources, empowering our students to lead enriched, fulfilling lives.

By choosing tax-smart giving methods, you not only benefit from potential tax savings but also make a profound impact on young people who are full of potential and deserve the opportunity to thrive! Your support helps Oido continue its mission to educate and empower young people to achieve their goals through a world class culinary program, competitive internships and mentorship with renowned, global culinary and hospitality leaders.

To learn more about Tax-Smart Giving please call or email our Finance Committee Chairperson  – Joe Della Monica at joed2233@gmail.com or 312-343-2233.

Disclaimer: The information provided on this page is for informational purposes only and should not be considered tax, legal, or financial advice. Oido does not provide tax advisory services. We encourage you to consult with a qualified tax professional or accountant to understand how your donation may impact your individual tax situation.

To learn more about Tax-Smart Giving please call or email our Finance Committee Chairperson  – Joe Della Monica at joed2233@gmail.com or 312-343-2233.