ESTATE PLANNERS AND FINANCIAL PLANNING
2016 Update: American Cancer Fund® Partners with the Privetera Group of Morgan Stanley
The American Cancer Fund appreciates the role that attorneys, estate planners and financial planning professionals play in the consideration of charitable gifts by ACF supporters. We welcome the opportunity to assist attorneys and estate or financial planners in providing their clients with accurate and current information related to charitable gifts. If you need an estate or financial planner, we have partnered with the Privetera Group of Morgan Stanley to assist you. Morgan Stanley is a well known multinational financial services corporation that is uniquely positioned to assist you with your financial planning needs.
To insure that the charitable gift or trust gets where it is intended, please use our federal tax number on your documents (20-3232112). Thank you.
“I wish I could do more” is the comment we often hear from friends of American Cancer Fund. Planned Giving is a means of making a charitable gift part of a donor’s overall financial, estate, tax and philanthropic planning, maximizing the benefits to both the donor and the charity, and often achieving significant tax savings.
Increasing the impact of your giving often can be achieved at very low cost. It’s just a matter of planning WHAT to give, HOW to give and WHEN to give. The following information illustrates many ways of making a “planned gift” and our staff can be of even more help.
Doing More With Gifts of Stocks and Bonds
Charitable donations can take many forms, from the loose change you drop into a collection basket to carefully planned donations of significant size with important tax and financial implications. Many people, unfortunately, fail to recognize the financial benefits that can come through a contribution of appreciated property, such as stocks, bonds or mutual funds.
When you write a check to make a donation to a charity such as the American Cancer Fund, your donation gives you an income tax deduction. But if you made the same donation with appreciated assets, you receive a double tax benefit. You will get the immediate income tax deduction and avoid the capital gains tax that would be owed if that asset was sold by you.
When you donate stocks, bonds or mutual funds, you receive a tax deduction for the full, current fair market value of the property donated (assuming you have held the property for more than one year). It does not matter that you may have only paid $6,000 several years ago for a stock that is now worth $18,000. That $18,000 figure will be your charitable donation. As importantly, the $12,000 in taxable capital gains that you would face if you sold that stock does not apply when you transfer the stock as a contribution to a charity. And because, in most cases, the stocks or bonds or mutual fund shares can be easily transferred to ACF, you can also avoid the commission expense that would normally be due for the sale of the property.
For information on how to make donations of appreciated assets in support of the cancer and educational programs of the American Cancer Fund® and on the significant tax benefits such gifts can bring, please contact our Financial Planning Partners at Morgan Stanley’s Privetera Group. They can be reached at (732) 617-4107. Please ask for Anthony and mention the ACF website.
Reliable resources from the Privetera Group at Morgan Stanley:
Charitable Giving at a Glance. This is a great overview of all the options that you could consider
Primer on Planned Giving
Perspectives in Philanthropy
Click on the Blue Morgan Stanley box to read all of these great articles and get more information regarding the Privetera Group.