Planned Giving
Planned Gifts – Through effective financial planning, you can balance your personal financial goals and your charitable interests while realizing significant tax benefits. Various types of planned gifts are possible, ranging from a simple bequest in your will to various kinds of charitable trusts.
Did you know? Giving securities (stocks and bonds) to Chanco on the James provides a double tax savings. You can deduct the average of the high/low value of the securities on the date of the gift and avoid capital gains tax on the appreciation. A gift of appreciated securities, held for more than one year, entitles you to a charitable income tax deduction in the year you complete the gift. You can use the deduction to offset up to 30 percent of your adjusted gross income. Any deduction exceeding the 30 percent limit is carried forward for up to five additional years.
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