Here are a few tips on how to have a positive impact on your community AND your wallet today.
MAKE A DONATION OF STOCK
If you have an investment that has appreciated in value, and you’d like to take advantage of reducing your capital gains tax, you can donate stock and get a deduction for the full market value of your gift on the date of transfer. Email Barry Kanarek at [email protected] for assistance.
DO YOU HAVE A PAID-UP LIFE INSURANCE POLICY?
You can donate it for cash surrender or fair market value, and receive a charitable receipt for that amount today, while your charity of choice will benefit from your foresight and generosity into the future, without delay or probate issues. If you have a current policy and would like to discuss a gift at Net Present Value, we are ready to help.
IRA DISTRIBUTIONS
Depending on your age, your donation can be made directly from your IRA and may be counted as part of your minimum distribution this year. Speak to your tax professional.
MAKE A LEGACY GIFT THIS YEAR!
Legendary estate planning guru Mark Halpern put it this way: “Your estate can ultimately go in three directions - to your heirs, to charitable giving, or to the government. With the right decisions, you can actually choose which two of these three you want. Where will your legacy go?”
