Tax Advantaged Giving

New Hope Life Center for Women is an IRS qualified 501c3 tax exempt charitable organization.

All donations made are 100% tax deductible.  All donor information is maintained as strictly confidential.

This is the time of year when many consider making year-end gifts to their favorite charities. Through tax-advantaged giving your support can benefit our work and your own financial situation.

Outright Gifts

The easiest way to make a contribution to your favorite charitable organization(s) is by donating outright cash, appreciated securities, or property. You will receive a full fair market value tax deduction, and you can avoid paying any associated capital gain tax in the process.

Gifts of Securities

Even during periods of stock market turmoil, many people own publicly traded securities with long-term appreciation (held longer than one year). These assets are often the best to donate as they provide a greater tax benefit. In order to preserve tax advantages, it is critical that you transfer the physical securities to us rather than the proceeds from a sale.

If you have stock losses, generally you should not contribute the stock, but rather sell the stock yourself to realize the loss for tax purposes. You can then contribute the cash and take a charitable deduction.

Mutual fund shares can provide the same tax advantages as gifts of appreciated stock. Mutual fund transfers should be initiated well before December 31.

Real Estate

While cash, CDs, and marketable securities are thought of most often when making a gift to a charitable organization, real estate is sometimes the best gift of all. Many people reach a stage in life where they simply don't want the management responsibility that goes with property ownership.

If you have rental apartments or commercial buildings, not only can capital gains taxes be avoided, but you can also avoid depreciation recapture taxes as well. You may have a farm or vacation home instead. Whatever the case, outright gifts of real estate assets-or through a life income arrangement-can produce multiple tax advantages to the donor.

Conclusion

If any of these tax-advantaged giving options have some appeal to you, please contact:

Kathleen McCallister, 345-4673, or by email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it