Saturday, June 7, 2008

NAPFA charity tip........

“The most tax-effective method for making a gift to charity is not to write a check. It is usually better for you the donor if you can make a gift of appreciated property, i.e., low cost-basis stock, to the charity. By using this method, you are not required to recognize the appreciation on the stock for capital gains tax purposes, plus you can still take a charitable income tax deduction for the full value fair market value of the securities transferred to the charity.”

Gaylon Laboa