November 21, 2022

The Time to Give is Now!

Giving appreciated stock to charitable organizations is certainly a highly-effective tax strategy. During years when highly-appreciated stock is in short supply, however, implementing this strategy may be easier said than done. This is when donor-advised funds come in especially handy. Not only does a donor-advised fund help organize charitable giving, but over the long term, it can also protect your ability to support your favorite charitable organizations even when market conditions are rough. 

Gifts of cash could reduce the burden on personal stock positions that may have fallen in value dramatically, giving these positions more time to recover value and, at some point in the future, be contributed to a donor-advised fund at a higher value (thereby resulting in a higher tax deduction). Now is also a good time to consider using cryptocurrency creatively to meet your charitable giving goals. 

Our team is happy to assist you and discuss the various and flexible ways you can give and maximize your charitable giving through the Paso del Norte Community Foundation!