Donors Michael and Janet Verlander share how donating appreciated assets can amplify your support for Russian Riverkeeper while providing significant tax benefits.
By donating long-term appreciated securities or other non-publicly traded assets such as real estate and limited partnerships directly to the Russian Riverkeeper, you can maximize your support AND your tax benefits.
- You will be able to eliminate the 20% capital gains tax and the 3.8% Medicare surtax on the appreciation of the asset.
- If you itemize deductions, you will receive an income tax deduction in the full amount of the fair-market value. At the maximum marginal tax rates, this would reduce your US taxes by 37% and your California taxes by 9.3% and up to 13.3% of the fair-market value of your donation.
This approach allows you to make an even bigger impact with your gift while maximizing your tax benefits—a true win-win!