Help Yourself And The Land And People Of Israel With A Gift Of Stocks, Bonds, or Mutual Funds
One of the enduring aspects of 2021 is the continuing increase in the stock market. Indeed, the markets have reached all-time highs. As we approach the end of 2021, this may be the perfect time to plan and minimize the coming tax bill.
Among the most straightforward and effective tax mitigation strategies for stock market investors is donating long-term appreciated stocks or mutual funds. When you do, several benefits make it an effective strategy. Even more so this year, as I write this article, Congress is debating a more expansive tax bill that, if passed this year, will already have increased the capital gains rate to 25%. The bill has a provision that sets September 13, 2021, as the last day to sell long-term stocks and still qualify for the lower tax rate. After September 13, long-term capital gains will be taxed at 25%.
Benefits of Giving Appreciated Stocks and Mutual Funds
- Avoid federal capital gains taxes up to 23.8%. State rates can push the effective tax to over 30% in many cases. (If new tax laws pass, the rate will be 25% plus Medicare and state taxes)
- Receive an income tax deduction for the full market value of your stocks on the day Jewish National Fund receives them.
- Reduce your Federal and State income taxes.
- Capture the appreciated value of your stocks and end the worrying of market ups and downs.
Donating appreciated stocks, bonds, or mutual funds is very easy to do. All you need to do is call one of Jewish National Fund’s Planned Giving Specialists, and we will give you all the information you need! Or, click on the link below for the instructions you need to provide your broker to transfer securities to Jewish National Fund.
Consider using your stock contribution to establish a Jewish National Fund Donor Advised Fund. A low-cost smart way to manage all of your charitable giving. You can choose how to invest your fund amongst a choice and combination of six professionally managed portfolios to let your fund grow. When you are ready, you can make grants to Jewish National Fund Israeli charities, or other charities you support at your discretion and timing. Call one of the Jewish National Fund professionals, and we will be happy to give you all the details.
Open a Donor Advised Fund Account
Other tax-smart ideas will let you lock in your stock market gains, avoid costly capital gains taxes, reduce your income taxes and receive generous tax-advantaged income. A Jewish National Fund Charitable Gift Annuity, for example, can do all of that for you, including earning an income rate of up to 9.0%, depending on your age.
Contact the Planned Giving Department for information on these and other tax-smart ideas that may reduce taxes and support Jewish National Fund’s mission on behalf of the land and people of Israel. Call us at 800-562-7526, email us at plannedgiving@jnf.org, or check out our website jnflegacy.org.
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