Potential tax benefits and caring about KARM’s mission are two reasons many donors make gifts of appreciated assets such as stocks, bonds, mutual funds, or exchange traded funds:
Potential Tax Benefits
If you are itemizing deductions on your tax return, you may be eligible for a charitable deduction of the full value of your gift. Even if you do not itemize, donating an appreciated asset can help you avoid paying taxes on capital gains.
Caring About KARM’s Mission
Many donors find they’re able to give more generously when they donate appreciated assets than when they give cash. That generosity means KARM is able to achieve more and advance our mission to restore lives in Jesus’ name.
Of course, always discuss donations with a tax consultant to maximize your benefits. If you have questions about these or other ways to give, contact Les Fout at email@example.com or at 865-633-7625.