By Care Net Board of Directors President Michael Enzweiler

On behalf of the Board of Directors, thank you for supporting Care Net! Care Net thrives as a beacon of hope in the Northern Kentucky community because of generous supporters who, like you, value Care Net’s pro-life mission.

Did you know you can support charitable organizations like Care Net through a variety of financial and estate planning methods? These methods can actually maximize tax advantages while also supporting Care Net.
For instance, rather than take taxable distributions from your Individual Retirement Account (IRA), you can make a qualified charitable distribution (QCD) directly to a charitable organization like Care Net for up to $100,000.

The charitable organization then receives the distribution tax-free. Alternatively, if you name a charitable organization like Care Net as a beneficiary of your IRA, the charitable organization can receive up to $100,000 tax-free, whereas an individual beneficiary would pay income taxes on the same funds.

Another example of tax-favorable charitable support is an outright gift of securities (e.g., stocks) that have appreciated over time. If you were to sell the appreciated securities or gift them to another individual who sells the securities, you (or the recipient of your gift) will pay taxes on the difference between the fair market value and the cost basis of the stock. On the other hand, if you gift appreciated securities to a charitable organization like Care Net, you receive a tax deduction for the fair market value of the stock, and Care Net can sell the securities without paying taxes on the capital gain.

These are just a few ways you can support Care Net through your investment and estate planning. Contact DBL Law or your financial adviser for more information and advice.

An attorney with DBL Law, Michael Enzweiler became Care Net’s board president in February 2023. He is a graduate of the University of Louisville and NKU’s Salmon P. Chase College of Law. Michael lives in Wilder with his wife and three children.