Last month, I had the pleasure of sitting down to interview Mike Perry about his philanthropy at the North County Estate Planning Council monthly meeting.

Mike is one of many generous donors who give through The San Diego Foundation and his story of giving is important for financial advisors and donors alike who are looking to maximize their philanthropy. Among the various ways he gives to the San Diego region, Mike gifts private stock, one of the many complex assets The San Diego Foundation accepts when working with donors.

The San Diego Foundation has a long history of working with donors to help them achieve optimal tax advantages while maximizing the amount of money they can grant to the nonprofit community.

This particularly applies when it comes to gifting assets such as stock, bonds or mutual funds. For many, the process can be overwhelming, but our expert advisors have decades of experience helping San Diego philanthropists identify the best strategy for gifting.

Given this year’s growth in the stock market, gifting stock makes more sense now than ever.

The proposed tax law changes may also be a factor for making a stock gift this year.

Did you know that if you donate stock that has increased in value since you bought it you can receive a charitable deduction against your income based on the current value, versus the original value?

By gifting stock, you also avoid capital gains tax on the increase in value over time, a tax you would have had to pay if you sold the stock then donated the cash.

This method allows you the donor to give more money to your preferred nonprofit organizations than you would if you sold the stock on your own, paid the taxes on capital gains, then donated the earnings to an organization.

Is gifting stock right for you? If you own private stock, how can that illiquid asset be gifted?

Deciding when to give and what to give can be difficult decisions when planning the best strategy to support your favorite nonprofit or social impact area. Don’t let the procedure of gifting stock be a barrier to your philanthropy.

Our expert charitable giving staff is here to simplify that process and remove the financial headache.

Contact us to help you build a giving strategy that meets your unique needs.

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About Leslie Klein, CFP®

Leslie Klein, CFPLeslie works closely with San Diego’s professional advisors and their clients to customize charitable solutions – combining donors’ visions with The Foundation’s expertise in philanthropy and financial management. She brings more than 30 years of experience in the fiduciary and investment management marketplace. Most recently, Leslie served for 12 years as Vice President/Wealth Management Advisor at First American Trust. Leslie graduated from Miami University, Oxford, Ohio.

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