Gifts That Reduce You Taxes
There Are Easy Ways to Reduce Your Taxes and Support a Cause You Care About
Here are some ways to support increased connectivity among all forms of transportation and ensure the safety of our nation’s passengers through the Rail Passengers Association. Each of these ways to give have tax benefits for you.
Gift of Cash
One of the most common ways to make a gift to the Rail Passengers Association is to write a check or donate online. If you would like to support rail transportation initiatives by writing a check, please mail your check to:
Rail Passengers Association
1200 G St. NW, Suite 240
Washington, DC 20005
The Rail Passengers Association (RPA) is the public identity of the National Association of Railroad Passengers, Inc. (NARP), which is an IRS-designated 501(c)(3) non-profit, charitable organization. Donations made to the Rail Passengers Association (RPA) &/or National Association of Railroad Passengers (NARP) are tax deductible, with the exception of any Amtrak Guest Rewards Point received, which have a taxable value of 2.5 cents per point.
Stocks & Bonds
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name the Rail Passengers Association (Tax ID: 36-2615221) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward standing with the Rail Passengers Association to advocate for expanded rail transportation and passenger safety.
A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. Giving these assets in the form of a Charitable IRA Rollover or by Beneficiary Designation can shield you or your heirs from taxes while funding Rail Passenger Association’s work on your behalf.
Life insurance is a valuable asset to use for making a charitable gift. Perhaps you have a policy that you no longer need. You can make a gift of a life insurance policy without diminishing other investments or assets earmarked for family members.
A gift of artwork, coins, antiques, or other personal property can be an excellent way to support the cause of advocacy and advancement for rail transportation and passenger safety.
Your Giving Toolkit
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This information is not intended as legal, accounting, or other professional advice. For assistance in planning your gift(s), please consult a lawyer and/or financial advisor for professional advice.