Ways to give.
“Whoever is generous to the poor lends to the Lord, and he will repay him for his deed.”
Take control of your legacy!
Since our founding in 1954, Steelbridge’s mission to reach hurting people in our community by freely providing food, clothing, services and resources has bloomed, driven by a seed of determination. As we celebrate 70 years, we’re proud to continue providing new hope for individuals and families in New Mexico, and we couldn’t make it happen without your unwavering support.
With foresight comes new opportunities. We envision an even brighter future for our life-changing programs, and we know your continued partnership will make them blossom. With our partner, FreeWill, you can easily create a will for free to protect the people close to your heart and help us provide shelter, food, recovery assistance, and more.
It takes just minutes to plan a legacy gift to Steelbridge and plant seeds of hope for all who walk through our doors. Best of all, it costs nothing today and helps us thrive for generations to come.
Here’s to honoring our past, celebrating 70 years of serving people with the love of God, and growing our future.
SHOP FOR A CAUSE
SHOP FOR A CAUSE
NOW OPEN! Join us at SB Thrift! Where you can shop for a cause, and support our work to offer programs that incorporate counseling, behavioral health services, spiritual guidance, life skills, job skills, financial planning, and other solutions to help individuals going through addiction, homelessness, trauma, human trafficking and youths aging out of foster care.
SB Thrift
HOURS:
MONDAY-THURSDAY: 8:00 AM - 4:00 PM
LOCATION:
2021 SECOND STREET NW ABQ, NM 87102
Our Immediate Needs
While shopping on Amazon, keep us in mind. We are always grateful for none perishable donations.
Planned Giving.
One of the most powerful ways to support Steelbridge Ministries is by beginning your legacy with Steelbridge in your will. It is a gift that costs nothing today but ensures that our work can last for generations to come.
To start your legacy today, Steelbridge invites you to use FreeWill, a free, online tool that guides you through the process of creating your will in just 20 minutes. It is free, no matter what, and can be used with an attorney to finalize your estate plans.
Start your legacy using FreeWill today.
Enjoy Tax Savings
Steelbridge is registered as a 501(c)(3) tax-exempt non-profit organization with both the IRS and the State of New Mexico.
Federal tax laws and those of many states make it possible to reduce or eliminate taxes on funds you give for charitable purposes. For example, because funds used to make charitable gifts are deducted from the amount otherwise subject to federal income tax when you itemize your deductions, you may be able to give more than you thought possible.
The amount and timing of your charitable gifts are totally within your control. This is why each year millions of Americans take advantage of the opportunity to make charitable gifts while also reducing their tax liability.
Act Now for the Greatest Benefit
As the year draws to a close, act now to make certain you have accomplished your charitable goals for 2023. Remember that time spent deciding what, when, and how to best make your gifts can result in maximum tax savings and other financial benefits.
Please contact us if we can be of assistance in any way. Your accountant or other advisors can provide you with more information specific to your needs.
Gifts of Cash
The CARES act of 2020 increased the percentage allowed to eliminate tax from 60% to 100% of your adjusted gross income for charitable contributions if you itemize your taxes. If you do not itemize, the IRS allows for $300.00 per tax payer or $600.00 per married couple to be deducted for charitable contributions.
Give From Your IRA
If you are over the age of 70 1/2, you may want to consider making gifts directly from an Individual Retirement Account (IRA). You may need to speak with your financial services adviser to ensure that the donation is transferred properly. As part of the Pension Protection Act of 2006, Congress has made it possible to make tax-free charitable gifts from your IRA.
Giving in this way assures that these funds will never be subject to income or estate tax. This may make it possible to give more at the same or lower cost than in the past.
Save More When You Give Other Assets
Gifts of property such as stocks, bonds, mutual funds, and other appropriate assets that have increased in value since you have owned them can benefit you in other ways. If you have held such assets for longer than a year, you can generally donate them and deduct their current value, including any “unrealized gains,” from your taxable income.
Congress has provided that in addition to regular tax savings, you do not have to pay capital gains tax on most appreciated assets given to charity. This additional tax savings is one reason why some people choose to make their gifts in this way.
Gifts of appreciated assets can eliminate tax on up to 30% of your adjusted gross income. The assets that are best to give are those that have increased the most in value and would result in the greatest capital gains tax if sold.
Many also choose to give low-yielding assets, resulting in little or no impact on future spendable income.
If you have investments that have decreased in value since you have owned them, consider selling them and making a deductible gift of the cash proceeds. This creates a loss that you may be able to deduct from other taxable income along with your cash contributions. The amount of your deductible loss combined with the charitable deduction may actually amount to more than the current value of the donated asset.
When making a gift of securities, check with your financial services provider to ensure that it is transferred properly and in a timely manner. You should allow additional time for gifts of mutual fund shares or non-publicly traded securities. We will be pleased to assist in this process.
From Our Residents, Thank You!
THE PURPOSE OF THIS IS TO PROVIDE GENERAL GIFT, ESTATE, AND FINANCIAL PLANNING INFORMATION: IT IS NOT INTENDED AS LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL ADVICE. FOR ASSISTANCE IN PLANNING CHARITABLE GIFTS WITH TAX AND OTHER FINANCIAL IMPLICATIONS, THE SERVICES OF APPROPRIATE ADVISORS SHOULD BE OBTAINED. CONSULT AN ATTORNEY FOR ADVICE IF YOUR PLANS REQUIRE REVISION OF A WILL OR OTHER LEGAL DOCUMENT. TAX DEDUCTIONS VARY BASED ON APPLICABLE FEDERAL DISCOUNT RATES, WHICH CAN CHANGE ON A MONTHLY BASIS. SOME OPPORTUNITIES MAY NOT BE AVAILABLE IN ALL STATES.