The end of the year will soon be upon us and before we know it, a new year will dawn. To help you finish up this year in charitable style, here are five gentle reminders. Charitable giving benefits you, as well as Tabor College. You will enjoy knowing that your generosity has made a difference and will help Tabor fulfill its worthy goals. And, of course, there are usually tax benefits related to charitable giving.
Appreciated assets can make excellent gifts.
Take stock, for example. If you have owned the stock for at least a year and a day, you can receive full value for the gift, including all the appreciation. What s more, neither you nor Tabor College will have to pay capital gains tax on the gift. The more the stock has appreciated, the greater the benefit. Your tax advisor can spell out the specifics for you.