APPRECIATED ASSETS for the Foundation for Clinical Pastoral Education
Did you know that you can support the Association for Clinical Pastoral Education’s (ACPE) educational mission by donating appreciated assets like stocks, real estate, works of art, etc. to the Foundation for Clinical Pastoral Education?
By donating an appreciated asset to the Foundation for CPE, you may benefit from an income tax charitable deduction at the current market value and not pay capital gains tax on the asset’s appreciation.
Here’s an example:
Louisa has stock valued at $50,000. When she bought the stock it cost her $5,000. If Louisa sells the stock, she would have to report $45,000 in capital gains tax. At the current
tax rate, Louisa would have to pay $6,750 in capital gains tax. However, if Louisa gives the stock to the Foundation for CPE, she would get a charitable income tax deduction of the full $50,000 and would not have to report any capital gains.
To learn how easy this is to do, contact Deborah Whisnand at 210-340-5713 or Deborah.Whisnand@FoundationforCPE.org.