Ways of Giving: Year-End Reminder

As we launch our annual membership campaign and enter into the year-end giving season, we want to remind our members about two things:

  1. We receive several gifts from donors of appreciated securities at this time of year. These donors understand that they can realize both a charitable gift deduction AND avoid long-term capital gains taxes on those appreciated securities. The unprecedented performance of the stock market, now at an all-time high, presents a valuable opportunity for those seeking to make charitable gifts with these assets.
  2. We are also beginning to receive more qualified charitable distributions from the retirement accounts of our members. If you are 70 ½ or older and do not depend upon your required minimum distribution from your IRA to cover living expenses, you may want to consider using it to make any charitable gifts you wish to make.

Please let us know if you would like more information about transferring appreciated securities or making a gift through your IRA. Email Barbara Courtney, Director of Philanthropy, at barbara@sjpt.org. or call at 360 376-2431.