Making a charitable gift before the end of the year can be a smart way to save on taxes while supporting a cause that is important to you. Consider these strategies to make the most of your giving:
Earn Income On Your Gift
Receive an immediate tax deduction and guaranteed lifetime income with a charitable gift annuity.
Lower Your Tax Burden
If you normally give gifts of cash, consider increasing this year’s donation to take advantage of 2021 CARES Act* tax savings.
Gift appreciated stock held for more than a year and receive an tax deduction while avoiding capital gains taxes.
*For more information on how you can use the CARES Act to make a greater impact, contact us.
To have your gift qualify for 2021 tax deductions or to benefit from the CARES Act, charitable contributions must be postmarked by December 31, 2021.