STOCK GIVING: A SMARTER WAY TO MAKE AN IMPACT:
According to the National Christian Foundation: If you are currently writing checks to charities, but also have appreciated stocks or mutual funds in a taxable investment portfolio, you likely have a significant opportunity to pay less tax, give more, improve your personal cash flow, and simplify your giving. The key is to donate these before the sale, which means you’ll reduce or eliminate capital gains taxes. We liquidate the securities for you and then put the net proceeds into MAI’s SINGLE CHARITY FUND held by NCF.