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"I was fortunate that I had some appreciated stock that I purchased many years ago. If I had sold the stock, my tax would have been around $15,000.
"By donating the stock to JCF to set up my fund, I avoided paying that tax. I figure that I set up a fund worth $100,000 with stock that cost me $8,000."
Lou, donor since 2006 |
Once you establish a donor-advised fund, you (or anyone else) may make contributions to your fund at any time, in any amount. Each contribution made to the Jewish Communal Fund entitles the contributor to receive all the tax benefits allowed by law. Once the Jewish Communal Fund accepts a contribution, it is irrevocable.