The overwhelming majority of charitable giving in
the United States consists of gifts of cash. There
may, depending on individual circumstances, be a
more advantageous way for you to support the World
Jewish Congress Foundation.
Many of you may own assets, such as stocks and bonds,
that have enjoyed a considerable increase in value
and you may also have a significant portion of your
assets invested in such instruments.
Donating a long-term appreciated stock to the World
Jewish Congress Foundation offers you a two-fold
tax saving. First, you avoid paying any capital
gains tax on the increase in the value of your stock. In
addition, you receive a tax deduction for the full
fair market value of the stock on the date of the
gift.
For example, if you purchased stock years ago for
$1,000, and it is now worth $5,000, an outright gift
of that stock to the World Jewish Congress Foundation
would result in a charitable deduction for you of
$5,000. In addition you permanently avoid paying
capital gains tax on the $4,000 of appreciation.
Please consult your accountant or tax preparer to
determine how such a transaction will affect you,
and make a gift of stock to the World Jewish Congress
Foundation – it’s a win-win situation!