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Did You Know?

Same Gift, Better Deduction

We've told you that a donation using long-term appreciated securities produces a charitable deduction in the amount of the full, fair market value of the stock, with no liability for capital gains — a great tax benefit!

So why give PENN Medicine cash if you could give stock? Because you may be able to take advantage of one tax benefit that a gift of cash offers.

A $10,000 gift of cash produces the same deduction as a $10,000 gift of appreciated securities or other assets. However, the I.R.S. allows you to claim the deduction for the cash gift up to 50 percent of your adjusted gross income. The gift of stock may only be claimed up to 30 percent of adjusted gross income.

So if this will be a high earnings year for you, you will be able to offset more taxable income with the deduction from a cash gift.

In either case, deductions in excess of the percentage limits aren't wasted — the balance may be claimed during the five years after your gift is made. We can help you determine which gift asset will work harder for you.

Click here, to read more about appreciated securities.

For more information

Email us, complete the personal illustration form, or call us at 215-898-9486 so that we can assist you through every step of the process.