LEGACY PLANNING SERIES: PUBLICLY TRADED STOCK

A contribution of appreciated stock or mutual funds can result in significant tax savings for the Donor, allowing them to make a more significant gift than they thought possible. 

The Donor receives two immediate tax benefits, one is a charitable deduction of the fair market value of the security, the second a tax exemption from capital gains on the stocks’ past appreciation. You can deduct the fair market value as a tax deduction for up to 30% of your adjusted gross income. Any amount in excess of that amount can be carried forward as a charitable deduction over the next five years.

Donors are requested to inform the RAF of their generous intentions. 
Donors can choose to remain anonymous publicly, but the RAF wishes to thank them appropriately and provide them with a tax receipt.

Submitted February 12, 2024
By Carmine Mowbray
Featured Photo by Jerry Chism