If you find yourself with limited cash on hand but would like to make a significant investment in improving the lives of others, you might consider a gift to Crossroads Rhode Island of publicly traded stocks or of transferring some of your highly appreciated but low-income producing assets by creating a charitable remainder trust.

Publicly traded stocks are the most traditional form of non-cash charitable gifts and among the easiest for a charity to use. The donor is not taxed on appreciation of long-term capital gain securities contributed to a charity and receives an income tax charitable deduction based on the security’s current market value. The charity benefits from the immediate availability of funds realized by the sale of the donated securities.

A Charitable Remainder Trust is an irrevocable transfer of assets to a public charity and does two things: provides a life income gift to a specified non-tax exempt beneficiary and ensures that the remainder assets can be used by the charity for purposes defined by the donor. Most charitable remainder trusts are created and funded during the lifetime of the donor, but it is also possible to create one in a will and estate plan. The latter option does not provide the current tax deduction to the donor; rather; it benefits the estate upon the donor’s death.

To read more about these types of gifts, click the following links:

Gifts of Publicly Traded Stocks
Charitable Remainder Trust.