NC - Winter 2021
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Giving Gifts of Stocks<br />
Makes “Cents”...<br />
for You and CSFN<br />
Looking to give toward a cause you believe in and make your charitable dollars<br />
do the most good? Consider making a gift of publicly held stock or mutual fund<br />
shares (that you have had for at least one year) to the Sisters of the Holy Family<br />
of Nazareth. These gifts not only help you claim the full market value of the<br />
shares you chose to donate, but it lets you avoid taxes on capital gains, which<br />
we see as a double benefit for you, the donor.<br />
Consider the following example: John and Sue Smith own 100 shares of XYZ<br />
Corporation stock, which they purchased three years ago for $1,000. The fair<br />
market value of those 100 shares is now $2,000. If the Smith’s donate the 100<br />
shares of XYZ Corp. stock to the Sisters of the Holy Family of Nazareth, they<br />
can claim the entire $2,000 as a charitable deduction on their <strong>2021</strong> taxes, and<br />
they do not have to pay capital gains taxes on the $1,000 profit.<br />
In order to take advantage of this double benefit, it is necessary to donate<br />
the shares of stock. If you sell the shares yourself and then donate the cash<br />
proceeds, you will be liable for capital gains taxes. And please note, if you are<br />
unable to take the full deduction in one year, you can carry it forward for up to five years.<br />
While gifts of cash are always greatly appreciated, a gift of stocks or mutual fund shares can benefit you and CSFN. We<br />
ask you to keep this in mind if you are considering a gift to the Sisters of the Holy Family of Nazareth. As always, we are<br />
deeply grateful for your support of our sisters and their ministries.<br />
TO MAKE A DONATION TO SUPPORT OUR SISTERS…<br />
Mail: Send donations to the Development Office, 310 N. River Road, Des Plaines, IL 60016.<br />
Website: www.nazarethcsfn.org – click the “Donate” to use a credit card or checking account.<br />
Facebook: www.facebook.com/csfn.usa – click on “Donate”<br />
Call: 847-298-6760, ext. 237, our Development Office<br />
Text-2-Give: Text the word REGISTER to (847) 994-4483. You will then be asked to provide contact<br />
and credit card information.<br />
NAZARETH CONNECTIONS // WINTER <strong>2021</strong><br />
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