At CRCNA, we understand the importance of thoughtful giving, and one tax-savvy method to support our mission is by donating appreciated securities or mutual funds. These assets, which have grown in value over a year or more, present a unique opportunity to contribute while benefiting yourself financially. When you choose to gift appreciated securities or mutual funds in support of our mission, you open doors to significant advantages:
- Capital Gains Tax Benefits: By donating these assets, you may reduce or even eliminate federal capital gains taxes on the transfer. This can lead to substantial savings for you.
- Income Tax Deduction: Depending on the fair market value of the securities at the time of the transfer, you may also be eligible for a federal income tax charitable deduction.
Securities are most often used to support our work in the form of:
- Outright Gift: Donating securities provides the same income tax savings as writing a check, but with the added benefit of avoiding capital gains taxes, which can be as high as 20%.
- Transfer on Death (TOD) Account: By designating a TOD on your brokerage or investment account, the account assets can be directed to one or more individuals or charitable organizations after your lifetime.
Additional ways to fund your gift:
- A gift in your will or living trust.
- Contributions to a donor-advised fund.
- Memorial gifts to honor a loved one.
- Establishing an endowed gift.
- Exploring a charitable gift annuity.
- Setting up a charitable remainder trust.
- Establishing a charitable lead trust.
Your thoughtful support, whether through appreciated securities or other means, plays a crucial role in advancing our mission at CRCNA. Thank you for considering this tax-efficient approach to making a difference.