The stock market has been on a roller coaster in recent weeks, but the market is still up more than 10 percent since the beginning of the year which means this could be a good time to support the Naval Academy with a gift of appreciated stock. Gifts of stock count toward President’s Circle recognition – take advantage of the tax benefits* of giving stock to renew or increase your support for the Academy.
Want to rebalance your stock portfolio but don’t want to pay the capital gains tax? A charitable remainder unitrust (CRUT) allows you to sell stock and reinvest it without an immediate capital gains tax hit. Plus, you receive a charitable tax deduction for a portion of your gift, an income stream for life and your gift supports the Brigade of Midshipmen!
Want to lock in some of your stock market gains with a fixed stream of income? A charitable gift annuity (CGA) allows you to make a gift that supports the future of the Brigade and provide yourself with a fixed stream of income for the rest of your life. It’s a quick and simple alternative to a CRUT.**
To learn how a CGA or CRUT could work for you, contact Patti Bender at 410-295-4187 or patti.bender@usna.com.
*When you make a gift of stock that you have owned for at least one year and one day, you pay no capital gains tax when the stock is sold AND you receive a charitable tax deduction for the full market value of the stock the date the Foundation receives it.
**USNA Foundation does not offer charitable gift annuities in all states.