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Five Things You May Want to Remember as December 31 Draws Near

Five Things You May Want to Remember as December 31 Draws Near

 2011 was a very busy year for the Cabrini Shrine as we served more than (number of people) or list number of visits. Like many of you, we continue to work on balancing our budget in order to keep the Cabrini Shrine open and welcoming to so many of you each year. Here are some gentle reminders that may help you finish the year in charitable style.

 I. Your year end gift will not only make a difference and help the Cabrini Shrine, but often provides you with immediate tax benefits.

 II. Appreciated assets, like stock for example, make dandy gifts. If you owned the stock for at least a year and a day you can receive full value for the gift, including all of the appreciation and not pay capital gains tax on the gift.

 III. Plan early. A stock gift usually takes more time to complete than writing out and mailing a check, Start early by scheduling an appointment with your attorney or tax advisor. You can also give us a call and we can walk you through the process.

 IV. Charitable gifts can be accelerated. You may be anticipating a higher tax bill this year and additional charitable giving may ease your added tax burden.

 V. A life income gift will often give you more annual income and current tax benefits. A very popular life income gift is a charitable gift annuity especially when you may have allow yielding certificate of deposit that is coming due.

 Please give us a call and we would be happy to answer any questions that you may have.

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