With the stock market recently reaching a record high, now is the perfect time to take advantage of the gains and donate appreciated stock.
Donating securities is a great way to make a meaningful gift to the Jewish community, while receiving considerable tax benefits. Gifting appreciated stock (held over a year) has the following benefits:
- Receive a charitable income tax deduction for the full fair market value of the securities
- Bypass capital gains tax on the gift of appreciated securities, enabling you to give a greater gift
- Help the Jewish community in Chicago and abroad
Gifts of stock can be used to:
- pay your JUF commitment
- establish a Donor Advised Fund
- make a Centennial Campaign gift
- establish a planned gift, such as a charitable trust or gift annuity
Donating appreciated stock is easy. The JUF Planned Giving team handles all the administration and paperwork. Contact us for more information at (312) 357-4853 or [email protected] and visit us at http://www.jufplannedgiving.com .
This is not legal advice. Please consult your tax and/or financial advisor before making a gift of stock.