Planning ahead during times of uncertainly is often challenging with unpredictable outcomes. But one thing we do know for sure is that right now the markets are close to all time highs. Most people who own publicly traded securities have posted gains over the last several years. Not only is this a positive sign for personal wealth accumulation, but it also provides an opportunity to consider gifting appreciated shares to a new donor advised fund or to an existing one at Rancho Santa Fe Foundation.
The tax benefits are clear – by donating securities to a public charity you avoid the capital gains tax you would pay if you were to sell them and then donate the cash.
If you do not already have a donor advised fund at Rancho Santa Fe Foundation, learn how easy it can be to get started. Our staff would be more than happy to help you with your decision.
If you are an existing fundholder, click here to access the Stock Transfer Form, which facilitates the transfer of securities from your brokerage to ours. Once the stocks are sold, proceeds are placed into your fund and you are ready to go.
Just think of the many causes you care about that will benefit from your increased ability to support their mission. By planning ahead, not only do you the donor benefit, but so do your charities of choice.