Gifts of Appreciated Stock - Will You Seize the Moment?

Right now is a unique opportunity for you or your clients' giving.  Why?

The stock market is posting record gains and federal tax policies remain unchanged. 

This is the perfect time to consider making charitable gifts.

Policy makers in Washington D.C. are considering introducing changes to the federal tax code that may increase the after-tax cost of making a charitable gift. 

While no one knows what the new tax code will include, we do know that the tax code currently provides incentives for making charitable gifts of marketable securities.

When you make a gift of long-term appreciated securities to a public charity, including the Community Foundation, you can:

  • Claim a deduction equal to the fair market value of the securities,
  • Claim a deduction of up to 30 percent of your adjusted gross income for the year, and
  • Avoid any capital gain income on the appreciated value of the securities.

These benefits make the after-tax cost of a gift of long-term marketable securities more attractive than a cash gift. 

With the stock market at record highs, this might just be the right time to make that charitable gift, assist your client, add to your donor advised fund, or create your philanthropic legacy.

Please reach out to us to assist you at (561) 659-6800.

 

This article has been repurposed from an original article from the Community Foundation of Southeast Michigan. 


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