Gifts of appreciated securities provide an excellent way for you to support Beth Emet Synagogue and to receive tax benefits as well. When you donate shares of stock or mutual funds that have appreciated in value since their purchase, you:
* Make a generous gift to Beth Emet Synagogue
* Receive a charitable income tax deduction equal to the fair market value of the securities at the time of donation (if you have owned the shares longer than one year)
* Avoid the capital gains tax you would incur if you sold the shares instead of donating them
* Carry forward any deductions in excess of 30% of your adjusted gross income for up to five additional years.
If you have securities that have decreased in value since you purchased them, consider selling them and making a tax deductible gift of the cash proceeds. You may then be able to deduct the loss from other taxable income. The combined tax benefits of the charitable donation in cash and the capital loss may actually exceed the current value of the investment.
Consult with your financial advisor about these and other tax-advantageous ways of making a gift to Beth Emet Synagogue. For transfer instructions or for additional information, please contact Debbie Gilbert, Finance Manager, or call 847-869-4230 ext. 302.