Major Gift Fundraiser Tax Article

Tax Tips

I know its hard to keep up with tax implications for giving. One of the best articles I've read in years was in the December 2008 issue of The Wall Street Journal.

If you have losses on your stock investments, you can deduct as much as $3,000 ($1,500 if single or married filing separately) and carry losses into future years.

Don't donate losers to charity. Instead, sell them to recognize the loss (and capture it for future offsets) and donate the proceeds to charity.

Extended IRA distribution law enables gifts to charity of up to $100,000 to count toward your minimum distribution requirements.

You can make a tax deductible chartiable contribution by charging your credit card this year and paying off the gift on the charge card next year (this was news to me).

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