Nearly half (47 percent) of donors surveyed by Fidelity Charitable said they would contribute more if they could take an increased tax deduction—but most donors aren’t taking full advantage of the deductions that are already out there.
One way to make donations without touching your cash is by giving appreciated assets like stocks, bonds or mutual funds directly to Catholic Education Foundation. In doing so, you may not need to pay capital gains taxes on the stock’s appreciation, effectively increasing your donation and decreasing your tax exposure.
If you have a Kansas state income tax liability, you may consider donating stock directly to CEF to receive Kansas state income tax credits. You’ll avoid costly capital gains taxes (levied on the federal and state level) and you’ll get a 70% KS income tax credit which can wipe out your state tax liability.
Making a gift of stock directly to CEF allows you to make a much larger gift at a much lower cost, especially when you factor in the state income tax credits and capital gains savings. You’ll make a bigger impact with a stock gift than almost any other gift method.
Donors are also more frequently turning to another option -- donor-advised funds -- for the donation of appreciated assets. By contributing appreciated securities to a donor-advised fund, you may be eligible for an immediate tax deduction and then recommend grants from the fund over time. You can choose one charity to receive the proceeds or divide them among multiple charities.
Learn more about ways to maximize your giving
Find out how a stock gift can make a bigger impact – not only on our scholarship programs, but on your net cost of charitable giving.
Call CEF at 913-647-0344 or email us and we’ll help you facilitate your stock, bond or mutual fund gift today. We’ll send you instructions on how to transfer shares electronically to CEF.
