Planned Giving at Inglis
Year End Giving Options
WHEN IT COMES TO YEAR-END CHARITABLE GIVING, YOU'VE GOT OPTIONS.
As the end of 2023 comes
quickly into view, you've probably already started thinking about financial considerations. For many people - whether it's for philanthropic reasons or tax planning reasons (and it is probably a little of both)-one of those considerations is charitable giving. If you tend to simply write checks at the end of the year, there may be a more financially efficient way for you to support the charities you really care about, like Inglis.
GIVE SMART BY GIVING STOCK:
If you plan to itemize deductions on your 2023 tax return instead of taking the standard deduction, donating appreciated assets that you have held for more than a year will help you avoid the capital gains tax you would incur if you sold the assets yourself and donated the proceeds. This could potentially increase the amount available for Inglis by up to 20%. Additionally, you can claim a charitable deduction for the fair market value of the stock on the date you make the gift, regardless of when you bought the shares.
Contact us with any questions!
Meredith Waldron
Senior Director of Development
2600 Belmont Ave
Philadelphia, PA 19131
215.581.0703
plannedgiving@inglis.org