Tax-Smart Giving (Non-Cash Gifts)

Recommend a grant to Hawai’i Baptist Academy directly from your donor-advised fund.

Key Benefits:

• Potentially avoid capital gains taxes: Donating appreciated assets to your donor-advised fund may help you avoid capital gains taxes while allowing you to recommend future gifts to HBA.
• Simplify future giving: A donor-advised fund allows you to make a charitable contribution now and recommend grants to HBA over time.

Give Through:

• Fidelity Charitable
• Schwab Charitable
• Vanguard Charitable
• Community foundations

Get Started:

Recommend a grant through your DAF provider online and notify HBA.

Grant Recommendation Information

Organization Legal Name:
Hawai’i Baptist Academy

Mailing Address:
1848 Nu’uanu Avenue
Honolulu, HI, 96817

EIN:
99-0301266

Gift Designation:
Please include your preferred designation in the grant recommendation notes (for example, “Fund for Excellence” or another approved HBA fund).

Help us recognize your generosity: 
When submitting your grant recommendation, please select the option to share your name and contact information with HBA, so we can properly acknowledge your gift.

 

If you do not have a donor-advised fund, you may also wish to consider making a direct gift of appreciated stock or securities.

Donate appreciated stock or securities directly to HBA.

Key Benefits:

• Potentially avoid capital gains taxes: Donate appreciated securities directly rather than selling them first.
• Receive a potential charitable deduction: Eligible donors may receive a deduction based on the value of the securities at the time of the gift.

Get Started:

1. Download and complete HBA’s Stock Transfer Notification Form. Once completed, please email a copy to the Office of Institutional Advancement so we can prepare to receive and acknowledge your gift.
2. Work with your broker or financial advisor to complete the transfer using the instructions provided.
    

Download Stock Transfer Notification Form

 

An IRA Qualified Charitable Distribution (QCD) allows eligible IRA owners to make a charitable gift directly from their IRA to HBA while receiving potential tax benefits.

Who Qualifies:

• Age Requirement: You must be 70½ or older at the time of the distribution.
• Eligible IRA: Gifts must be transferred directly from a traditional or rollover IRA. (Other retirement accounts may have different rules.)

Key Benefits:

• Potential tax benefits: A qualified charitable distribution is generally excluded from taxable income when transferred directly from your IRA to HBA.
• Fulfill your Required Minimum Distribution (RMD): If you are required to take an RMD, a qualified charitable distribution may count toward your annual requirement.

Get Started:

1. Contact Your IRA Custodian: Ask your IRA administrator or custodian to make a direct charitable distribution to Hawai’i Baptist Academy.
2. Provide HBA’s Information:
             Legal Name: Hawai’i Baptist Academy
             Mailing Address: 1848 Nu’uanu Avenue, Honolulu, HI, 96817
             EIN: 99-0301266
3. Notify HBA: IRA checks may arrive without identifying donor information. Please contact the Office of Institutional Advancement, so we can properly identify and acknowledge your gift.

1. What is tax-smart giving?

Tax-smart giving refers to charitable giving strategies that may provide tax advantages while supporting Hawai‘i Baptist Academy. Examples include donor-advised funds (DAFs), gifts of appreciated stock or securities, and Qualified Charitable Distributions (QCDs) from an IRA.

2. Which tax-smart giving option is right for me?

The best option depends on your personal financial situation and philanthropic goals. We encourage you to consult your financial advisor or tax professional to determine which giving strategy is most appropriate for you.

3. What is the difference between donating stock directly and giving through a donor-advised fund (DAF)?

A gift of appreciated stock is transferred directly from your brokerage account to Hawai‘i Baptist Academy. A donor-advised fund (DAF), on the other hand, is a charitable giving account that allows you to contribute assets (such as cash or appreciated stock) and recommend grants to HBA over time.

If you already have a donor-advised fund, recommending a grant is often the simplest option. If you own appreciated stock and do not have a donor-advised fund, donating the stock directly to HBA may be an effective way to support our mission while potentially receiving tax benefits. We encourage you to consult your financial advisor to determine which option is best for your circumstances.

4. Can I designate my gift to a specific fund or program?

Yes. Most tax-smart gifts may be designated to support a specific HBA fund, scholarship, program, or initiative. Please include your preferred designation when initiating your gift or notify the Office of Institutional Advancement.

5. Should I notify HBA before making a tax-smart gift?

Yes. Letting us know about your planned gift helps us identify and properly acknowledge your contribution, especially for stock transfers, donor-advised fund grants, and IRA Qualified Charitable Distributions, which may arrive without identifying information.

6. Why does the stock transfer form list “HBA Scholarship” as the account name?

Hawai‘i Baptist Academy’s investment funds are held through the Hawaii Pacific Baptist Convention (HPBC). For operational purposes, HPBC uses “HBA Scholarship” as the account name for HBA’s investment funds, including gifts received through stock transfers.

This does not mean that your stock gift must support scholarships. Your gift can be designated to the HBA fund or purpose you choose. Please indicate your desired designation on the Stock Transfer Notification Form and notify the Office of Institutional Advancement so we can ensure your gift is properly directed and acknowledged.

If you have questions about your stock gift or its designation, please contact the Office of Institutional Advancement before initiating your transfer.

7. Will I receive a charitable gift acknowledgment?

Yes. HBA will provide a written acknowledgment of your gift in accordance with IRS requirements. Depending on the type of gift, your financial institution or fund administrator may also provide documentation for your records.

8. How long does it take for my gift to be received?

Processing times vary by gift type and financial institution. Donor-advised fund grants, stock transfers, and IRA distributions may take several business days or longer to be completed. If your gift is intended for a specific deadline or campaign, please notify the Office of Institutional Advancement as early as possible.

9. Can I make a tax-smart gift to support a specific campaign or scholarship?

Yes. Tax-smart gifts may generally be designated to support HBA's current fundraising priorities, scholarships, endowments, or other approved funds. Be sure to include your designation instructions when initiating your gift.

10. Who should I contact if I have questions or need assistance?

The Office of Institutional Advancement is happy to assist you and work with your financial advisor, attorney, broker, or plan administrator throughout the giving process.

Office of Institutional Advancement
Hawai‘i Baptist Academy
1848 Nu‘uanu Avenue
Honolulu, HI 96817
development@hba.net
(808) 533-7094

11. Does HBA provide legal, tax, or financial advice?

No. HBA is happy to provide information about the giving options available, but we do not provide legal, tax, or financial advice. We encourage you to consult your attorney, financial advisor, or tax professional regarding your personal circumstances.