Stock Gains Can Provide Charitable Currency
Now is the Time
Market watchers are seeing that many stocks have reached new highs recently. For some, there are opportunities to protect those investment gains and use them to satisfy charitable giving interests. If you are among those who own stocks that have appreciated in value and you have owned them for a year or more, you can donate the stock and claim a tax deduction for the full market value. Further, you will avoid the capital gains tax on the difference between your original cost and the current value. With higher tax rates and additional tax burdens this year, these savings are even more valuable.
You can also use your appreciated stocks to fund a charitable gift annuity or charitable trust to provide income that you can never outlive.
Want to know more? Contact Ed Rodbro, National Director of Planned Giving at legacy@LLS.org or at 1-888-773-9958. Ed would be glad to answer your questions about how gifts of stock or other highly appreciated assets ? including real estate ? can provide tax and income benefits to you and life-saving help for people with blood cancers. There is never a cost, obligation or sales promotion of any kind associated with your inquiry.