It’s the best time of the year!

It’s the best time of the year!

From now until December 27, is the best time to donate stock.
(Yes, you have legally until the 31st of December but why wait for the last minute?)

 

A few things to consider:

When you donate stock to Heart for Lebanon, you receive a tax deduction for the full fair market value. And because you are donating stock, your contribution and tax deduction may instantly increase over 20%.
 

How do I donate appreciated Stock?

Giving appreciated stock you’ve held for more than a year is better than giving cash. If you donate stock that has increased in value since you bought it more than a year ago – and if you itemize deductions — you can take a charitable deduction for the stock’s fair market value on the day you give it away.

 

Can you donate appreciated stock to a donor advised fund?

Yes, in fact Heart for Lebanon has two such funds. The Signatry Fund and The National Christian Foundation.

The Benefits of Donating Stock to a DonorAdvised Fund. … Giving appreciated stock to a donoradvised fund — or directly to a charity — gives you a tax benefit even if you don’t itemize. By doing so, you avoid having to pay taxes on the capital gains that have accumulated through the years. It also may give you tremendous flexibility on when and to whom you disperse your funds.

 

Please contact Tom.Atema@heartforlebanon.org  or our Director of Administration and Finances Alice.Knighten@HeartforLebanon.org to have “How do I transfer stock?” questions answered. Please check with your financial advisor for specific information on estate planning items as it pertains to your personal financial outcomes and situation.

 

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