What Does Stock Market Record High Mean to Your Donor?
WHY YOU NEED TO ACT and REACH-OUT TO DONORS NOW!
With tax talk ramping up in Washington and a record-setting stock market, 2017 could be a good time for your donors to assess their personal financial and philanthropic goals to minimize their tax bill and maximize their charitable impact. Here are a few things to consider for your philanthropy in the second half of the year:
• If proposals to change the 100 year-old charitable tax deduction are enacted, donors charitable gifts may be more tax advantageous this year than in the future.
• There can be tax advantages to gifting appreciated securities and, more importantly, more funds available to donate to charity.
•many donors give impulsively throughout the year but now possibly could have the greatest charitable impact, to make fewer, larger gifts with causes that touch their heart.