News for Professional Advisors

As the end of the year approaches, we want to remind you about the importance of year-end planning and how you can maximize the impact of your clients’ giving through a Donor Advised Fund at the Sioux Falls Area Community Foundation.

Here's why gifting appreciated stock might be a smart move this year:

• Maximize tax savings: When donors give appreciated stock, they avoid paying capital gains tax, meaning they can give more to their fund at the Foundation without incurring additional tax liability.
• Increase the power of each gift: Because the gift is not subject to capital gains tax, the full value of the appreciated stock can go to supporting the causes your clients care about.
• Easy process: Transferring appreciated stock is straightforward, and our team is here to help, every step of the way.
• Keep deadlines in mind: While publicly traded stock typically just takes a few days to complete a transfer, mutual funds can take up to a month. Plan ahead to ensure a charitable tax deduction in calendar year 2024.

We know many of your clients are seasoned donors who have already used appreciated stock as a part of their giving strategy, but it’s always a good time to revisit the benefits. Gifting appreciated stock can help make a greater impact while offering significant tax advantages. And with markets on the move, it’s important to consider timing your clients’ gifts to benefit both their charitable goals and their financial planning.

Appreciated stock is a powerful tool for maximizing charitable giving. If you’d like to discuss options or coordinate a gift of stock, please reach out. We’re here to help make the process simple, and we want to ensure we’re helping you deliver value to your clients through charitable solutions.

Thank you for your ongoing generosity and commitment to our community.