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Looking for Tax Smart Ways to Give This Year?

from CPRS

The CPRS Foundation has just introduced a new tax smart way to make your donation this year.

When you sell an appreciated stock or mutual fund (one that has increased in value since you purchased it), you are required to pay tax on 50 per cent of the capital gain. However, if you donate the securities to charity, you pay no capital gains tax. This makes appreciated stock one of the most cost-effective ways to donate to the CPRS Foundation.

When you donate stock, bonds or mutual funds, you are entitled to a donation receipt for the full market value (resale) of your contribution. Your gift will result in a non-refundable tax credit that will reduce your income taxes. You can use it in the year of your gift or carry it forward for up to five additional years*.

You pay no capital gains tax on the appreciated value (increased price) of your securities. A donation of securities directly to the CPRS Foundation avoids the tax on capital gains, maximizes the return on your investment and protects the tax credits for use against other taxable income. Best of all, your charitable donation helps to administer the many important scholarships and research that they support.

To learn more about giving securities click here.

* We strongly encourage you to seek independent advice when executing gifts of securities, property, life insurance, charitable gift annuities, wills, trusts, contracts and other legal agreements. more


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7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063