Outright Gifts

Strategic Giving: Jim and Sharon's Gift and Sale Plan

Each year, Jim and Sharon carefully plan their holiday gift list, which traditionally includes family and friends. Last year, they expanded their generosity to include The Salvation Army.

Sharon reflects, "I inherited stock from my grandmother. We decided to sell a portion as its value had significantly appreciated. Our CPA informed us of a capital gain nearing $120,000 and suggested gifting stock before year-end to receive a charitable deduction and offset the captial gains tax."

Jim adds, "We discussed the best way to make this gift to The Salvation Army. Their planned giving representative highlighted the benefits of donating appreciated stock. She suggested an end-of-year gift and sale plan involving donating part of our stock to their organization.

Sharon concludes, "By donating $80,000 in stock to The Salvation Army, we avoided substantial captial gains tax and received a charitable deduction that offset the captial gains from our prior stock sale. We're pleased with the dual benefits and grateful for the opportunity to make a meaningful charitable contribution."

Note: This story's details represent typical donors and may not reflect an actual donor to our organization.