Home » News » IRS Loophole Could Save You Thousands

IRS Loophole Could Save You Thousands

//////////////////////

Did you know that by gifting appreciated stock to TFAS, you can support our transformational academic programs while giving less to the IRS?

Instead of giving up your gains to taxes, your smart investments can support TFAS academic programs.

By giving a gift of common stock held longer than one year, you avoid all capital gains taxation on the transfer, and TFAS receives the full value of the stock. This enables you to give more to TFAS and less to the IRS. Consider the huge capital gains that would be due if you sold, let’s say, Apple Inc. stock, which is up 1,119 percent over the past ten years. Or Netflix, which is up 1,348 percent over ten years. When you have invested so well, why give up so much of your gain in taxes?

It’s very easy to donate stock. Just contact your broker to transfer some of your holdings to TFAS. You can even set up regular gifts at predetermined intervals, such as the first Monday of each quarter.

Please contact Matt Bagnoli directly at 202-986-0384 or email him at matt@TFAS.org if you would like to make a gift of stock. We will need your name, your phone number, the name of the stock you are giving and the number of shares (e.g. 25 shares of Microsoft).

Be sure to take action ASAP to take advantage of this opportunity before the year end.

774
post

Recent Posts

//////////////////////

Liberty + Leadership News: July 2, 2020

See highlights from exclusive guest lectures for students in TFAS Virtual Summer Program, and hear what high school students are saying about the Economics for Leaders online programs.

Last Week at TFAS – Students Attend Exclusive Guest Lectures for Firsthand Look at Future Careers

Each summer, TFAS D.C. Summer Programs give young leaders the opportunity to network with professionals in their field through exclusive site briefings, guest lectures and networking events. Although these must be held virtually this summer, TFAS students still…

“Best Online Class Ever!” High School Students Begin Economics For Leaders Summer Programs

One of the many TFAS programs to switch to a virtual format due to the coronavirus pandemic and facility closures is the “Economics for Leaders,” program organized through the TFAS high school programming division, the Foundation for Teaching Economics…