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Use Your Securities to Help Others in Down Times

One challenge you're probably facing today is matching your charitable goals with strategies that make sense in a changing economy. Discover how your securities can provide a solution.

Solution: An effective response to the challenge of helping others during times of economic uncertainty is to donate stocks, bonds or other marketable securities that are worth more now than what you paid for them.

Why Does Giving Stock Make Sense?
When making a charitable gift of appreciated securities that you have owned longer than one year, you will receive a double tax benefit.

First, you are entitled to a federal income tax deduction based on the current fair market value of the securities, regardless of their original cost.

Second, you will also be exempt from paying capital gains taxes on any increase in the value of the securities since you acquired them—taxes you would pay if you had otherwise sold them.

A tax or legal advisor can provide you with additional information about this way to support your favorite causes. We would be happy to assist you as well. Contact Steve Goebel, CFRE at 309-281-4392 or when you're ready.

Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.

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