By Bruin Richards, Chief Advancement Officer- With the significant rise in the stock market over the past twelve months, this may be an excellent time to consider a gift of appreciated stock to CHS. In most cases gifts of appreciated stock allow a tax write off equal to the market value of the stock, not the cost basis. (obviously, consult with your tax advisor regarding your own situation). With the new tax plan presently seeking to limit future charitable deductions, now is the perfect time to take advantage of your good investing by turning your success into an investment in the future of Virginia’s youth.
Over the past two years, Children’s Home Society has increased our operating budget by over 50%. Because of this we are able to place more children, especially teens, in permanent homes. We are able to provide increased support to adoptive families thorough training, counseling and respite care. We are making a huge difference in the lives of young people who have aged out of the foster care system by providing housing and wrap-around services in The Possibilities Project.
All of this has been made possible by our generous supporters, including individuals, corporations and foundations. However, with the uncertainty of rising international tensions, a major overhaul of the tax code and a historic rise in the market, taking advantage of current gains to help us sustain our mission going forward is crucial. Many investors are considering major gifts of appreciated stock before the end of the year.
At CHS we pledge to put the hard earned gains of our supporters to good use for years to come. For further information contact firstname.lastname@example.org.