1. Give appreciated securities, such as stocks or mutual funds, that you have held for at least one year, to The Columbia Festival of the Arts Fund at the Community Foundation of Howard County. Doing so avoids the capital gains tax. If you itemize, giving appreciated securities lets you receive a charitable deduction for the fair market value of the securities.
2. Donors who are 70½ can avoid paying tax on distributions from IRAs by using the IRA charitable rollover option. You may give up to $100,000 annually from a traditional IRA directly to The Columbia Festival of the Arts Fund at the Community Foundation of Howard County.