Alumni Tip: Take Advantage of End of Year Tax Benefits

alex picHoly Trinity alumni Alexander Cobb, J.D., LL.M., knows the value of a Holy Trinity education.  Alex graduated from Holy Trinity in 2006, Louisiana State University in 2010, University of Florida (UF) College of Law in 2013, and UF’s Graduate Tax Program in 2014. He now serves as Assistant Director, Gift Planning, for UF’s Development & Alumni Affairs office. As an alumni and an advancement professional, he offered the following tips for those considering an end of year donation to the Holy Trinity Fund.

  • A gift to the Holy Trinity Fund not can provide you with a feeling of personal satisfaction, but may also result in a more tangible return in the form of tax benefits, including charitable deductions on your current income tax return and potential capital gains tax savings. A gift you make by Dec. 31 can allow you to do more for Holy Trinity than you may have anticipated, while improving your own 2015 income tax burden.
  • Donating cash is simple and straightforward but did you know, you can also donate securities? A gift of appreciated stocks, bonds, or mutual funds that have been held more than one year is a popular alternative to contributing cash because you can save taxes twice: by avoiding capital gains tax and receiving a charitable income tax deduction. If your securities have appreciated in value, you can avoid capital gains tax that would be applied when securities are sold. Further, you may also earn a charitable income tax deduction for the full fair market value of the securities. With this tax savings, the “cost” of your gift to Holy Trinity may be much less than the actual value and potentially preferable to a cash gift.

To make your tax-deductible gift to the Holy Trinity Fund, please visit www.htacademy.org/giving.

Please contact your financial consultant for more information.

 

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