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Be Charitable and Double Your Tax Benefits

Are you looking for a way to give back AND for the benefit of a tax deduction? With the market, as measured by the S&P 500 index, up about 13%, investors are finding they may have big gains in some stocks. Consider the benefits of donating your appreciated stock to your Parasol Donor Advised Fund, or using it to open a Donor Advised Fund at the Parasol Tahoe Community Foundation.

You will qualify for a tax deduction on the date you transfer stock to your Donor Advised Fund, but you will have a nearly unlimited amount of time to make decisions regarding recommending grants to non-profit organizations working on causes you care about. Meanwhile, the money continues to grow in an investment pool, allowing you to make an even greater charitable impact over time.

The benefits of gifting appreciated stock include:

       1) You will be eligible to receive an income tax deduction for the full fair-market-value of the stock at the time of the gift

       2) If you have owned the security for more than one year, the taxes on the capital gains are avoided

To receive these tax advantages this year, your stock gift will need to be transferred to a qualified charity such as the Parasol Tahoe Community Foundation by December 31, 2017.

To arrange a personal meeting to discuss Donor Advised Funds and how the Parasol Tahoe Community Foundation can help you with your charitable giving, please contact Claudia Andersen, CEO, at 775-298-0187 or This email address is being protected from spambots. You need JavaScript enabled to view it..

To learn more about Donor Advised Funds and other types of charitable funds, click here.

For instructions for donating securities to the Parasol Tahoe Community Foundation, click here.

The Parasol Tahoe Community Foundation does not provide tax advice. All decisions regarding the tax implications of your investments and charitable giving should be reviewed with your independent tax advisor.

 

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