Sometimes giving cash to charities can be difficult. With inflation and the price of goods going up, how are good people going to give to charities? One way that helps both the charity AND the giver is through giving appreciated stock.
For the giver, giving appreciated stocks, bonds, and/or mutual fund shares that have been held for over a year can be better than giving cash! The giver can claim the full amount of the appreciated value of the securities and will pay no capital gains tax on the transaction. This means the after-tax cost of this kind of gift is less than that of a cash gift.
Start planning today to help give hope and healing to those who desperately need it. If you have questions, comments, or would like to discuss other giving options, please contact Justin DeMoss at firstname.lastname@example.org or 405.471.9109.