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Stock Donations to Foresight — a Win Win

Donate stock that's appreciated in value. This is a win-win move. Donate stock and you won't have to pay capital gains taxes on the profits, and the full value of the stock can be deducted as a charitable donation.

For example, say you own $10,000 worth of stock that you originally bought for $3,000. If you sell it now, you'll pay tax on the $7,000 profit. (If you're in the 28 percent federal tax bracket, and qualify for the 20 percent long-term capital gains rate, you'd pay $1,400 in tax. That reduces the $10,000 to $8,600.) But if you give your $10,000 worth of unsold stocks to a charity, the IRS kindly lets you claim a tax deduction for the full $10,000. At the 28% tax bracket that works out to a $2,800 deduction.

It's quick, it's easy, it helps Foresight

Instruct your broker to transfer stock to Foresight Institute through:

Pershing LLC
One Pershing Plaza
Jersey City, New Jersey 07399
DTC # 0443
Pershing Contact Phone: (888)367-2563
Account Name:  Foresight  Institute
Account Number: P1R-341166 (Note that this is all numbers except the P and the R.)
Any questions may be directed to Comerica Securities, Dan Ziegler, Financial Consultant at (415)477-3231

If you need additional information please contact the Foresight Institute at foresight@foresight.org or 650.289.0860. Tax benefits are described at: http://moneywatch.bnet.com/retirement-planning/blog/what-works/donating-appreciated-stock-a-double-play-of-tax-benefits/329/

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