Year End Priorities ... is a gift to a charitable cause on your list? by ProQuest


In terms of year-end giving, there are several items to remember. * Gifts finalized before Dec. 31 may allow you to take advantage of the charitable contribution allowance if you itemize deductions on your federal income tax return. * Gifts of appreciated assets are particularly appealing because you do not realize long-term capital gains, and you can take a charitable deduction equal to the asset's fair market value. * Establishing a life-income plan can provide a tax-favored source of income while fulfilling your desires to make a future charitable contribution.

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