Will you make a year-end gift today to the True Vine Foundation?
It may be time to rethink those year-end checks to charity.
Despite the market’s volatility this year, you may have investments that have accumulated significant unrealized capital gains. So, how can you avoid paying a hefty capital gains tax and give more to the charities you love this year-end?
Instead of writing checks directly to charity, give appreciated securities to your NCF Giving Fund (donor-advised fund) so you can recommend grants to charity from there. Then, you can use the cash you would have given directly to charity to replenish your investment account and rebalance your portfolio.
Learn more about the benefits of giving stock in this short video from our team of charitable experts. If this sounds like a strategy for you, don’t delay; in order to receive a deduction for this year, all stock gifts at NCF need to be initiated by December 20, 2020.
Donate appreciable stock assets
Did you know that you can gift appreciated stocks to the True Vine Foundation? Gifting stocks directly allows you to give the entire value of the shares without having to pay any capital gains tax on the sale of the shares, and you receive a tax deduction on the full amount gifted, not simply the post-tax portion.
Click the link below for downloadable form and instructions on how to simply transfer your stock today.