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Donating Appreciated Stock

We have received several inquiries about donating shares of appreciated stock to the Jewish Community Foundation and therefore wanted to share more information on the subject. 
 
Do you own shares of companies whose stocks are currently trading at or close to their 52 week high? If so, this is a particularly beneficial time for you to think about donating them to the Foundation.
 
Appreciated securities are investments that have increased in value from the time they were purchased. These can include publicly traded stock, closely held stock, or mutual funds. When appreciated stock is sold, the owner generally realizes capital gains equal to the appreciated portion and may be responsible for capital gains taxes, depending on the length of time the investment was held.
 
You can realize a more favorable income tax result and charitable impact by making the donation of the appreciated stock directly to the charity. If you sell your stock first and then donate the proceeds, you may be subject to a capital gains tax. If you contribute the appreciated stock directly to the charity, you can usually deduct the fair market value of the donation without realizing any capital gain.
 
With the community-wide Aim Chai endowment campaign in full swing, and over $33 million raised on behalf of the 28 Partner institutions involved in Aim Chai, transferring appreciated securities creates an opportunity for you to participate in this unique opportunity to endow our community in perpetuity. If you've been thinking about your Aim Chai gift and wondering what all your options are, many donors have found this to be an opportunity to make a gift that does not impact their cash flow.
 
To talk further about how this might work for you or to transfer your appreciated securities to the Jewish Community Foundation please contact Rise Roth, Vice President, Philanthropy at 860-523-7460 or via email. Please consult your tax advisor if you have additional questions. 

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