Many donors to Mercy Foundation have made a significant impact on the causes they care most about by making gifts through appreciated assets. House of Mercy, Mercy College of Health Sciences, Mercy Cancer Center, Mercy Children’s Hospital & Clinics and many other mission affiliates have benefitted from the generosity of donors who wished to make a difference using this unique gifting method.
The Tax Reform Act signed into law in December of 2017, still provides tax-advantaged ways to make gifts to charity. The next time you make a gift to Mercy Foundation, consider a gift of appreciated property, such as publicly-traded securities and real estate. You may enjoy a double tax benefit for gifts of appreciated property to charity held at least one year. The law allows a fair market value income tax charitable deduction plus the gift avoids all the capital gain income on the appreciated property. Even donors making modest gifts who don’t itemize will still enjoy the complete avoidance of capital gain income on contributions of appreciated property.
Visit our website for instructions or contact Joan Bindel at (515) 643-8020 for information on how to start gifting with stock!