Donating appreciated stock (that you have held for more than a year) from your investment portfolio instead of cash is a great way to make a charitable gift to your donor-advised fund or the Communities of Coastal Georgia's operating endowment at year-end. 

This tax planning tool is derived from the general rule that the deduction for a donation of property to charity is equal to the fair market value of the donated property. Where the donated property is “gain” property, the donor does not have to recognize the gain on the donated property. These rules allow for the “doubling up,” so to speak, of tax benefits: a charitable deduction, plus avoiding tax on the appreciation in value of the donated property.

Example: Tim and Tina are twins. Each plans to donate $10,000 to their college. Each also owns $10,000 worth of stock in ABC, Inc. which he or she bought for just $2,000 several years ago.

Tim sells his stock and donates the $10,000 cash. He gets a $10,000 charitable deduction, but must report his $8,000 capital gain on the stock, and he pays tax on the $8,000 gain.

Tina donates the stock directly to the school. She gets the same $10,000 charitable deduction and avoids any tax on the capital gain. The school is just as happy to receive the stock, which it can immediately sell for its $10,000 value in any case.

Join the Georgia Center for Nonprofits and area funders to learn about systems for collecting program data and effectively sharing outcomes.

Lucas Ramirez, executive director of The Gathering Place, will discuss his organization’s focus on data and outcomes, sharing lessons learned and benefits gained, alongside local funders Paul White of the Communities of Coastal Georgia Foundation, Jeff Barker of the St. Marys United Methodist Church Foundation, and Virginia Brown of the United Way of Coastal Georgia.

Don’t miss this free opportunity to learn how to create a data driven culture in your own organization.

To learn more and register, click here.

Anna M. Hall has joined the Communities of Coastal Georgia Foundation (CCGF) as its director of communications and marketing. Anna has over 15 years of experience in nonprofit management, donor services and communications. She and her family have lived on St. Simons Island for six years. “We are thrilled to be adding new expertise to our staff,” said President and CEO Paul White. “Anna will dramatically increase the effectiveness of our messaging and she will help us better tell our story and the stories of both our grantees and fund holders as well as how the Foundation ‘solves problems’ on the Coast of Georgia.” The addition of this position, the third for the Foundation, was a strategic decision by the Board of Directors and will support CCGF’s goal to strengthen effective and meaningful philanthropy in Glynn, Camden and McIntosh counties.

anna

The Brunswick News July 12, 2018 by Lauren McDonald

The Episcopal Church Women of Christ Church Frederica recently awarded its first scholarship from the “Scholarship for Women Fund,” which has been years in the making and aims to support the educational endeavors of local young women.

2018 ECW Scholarship Maggie Holt

Maggie Holt, second from left, has been awarded the first scholarship from the Episcopal Church Women of Christ Church Frederica recently established “Scholarship for Women Fund.”

Maggie Holt, who will start her sophomore year at the University of Georgia this fall, has been awarded the fund’s first scholarship.  “We could not be more pleased to have Maggie Holt selected as our first recipient,” said Jane Watson, President of Episcopal Church Women, in a press release. “Few young women have demonstrated a greater commitment to their church and broader community while maintaining an impeccable academic record than has Maggie.”

Holt, a member of Christ Church Frederica, graduated from Frederica Academy in 2017. She’s a former member of the Pirates of the Spanish Main, a local service sorority for high school students, and served as president of her high school’s service council. She also volunteered with The Gathering Place’s youth ministry, as well as through her church.

“Perhaps the most impactful lesson I have taken away from my time in the Episcopal Church is how to serve and love one another,” Holt said in the release. Over the past 15 years, women at Christ Church have made donations to help establish the scholarship program for local female students. In partnership with the Communities of Coastal Georgia Foundation, the initiative provides a $2,500 scholarship to a female high school graduate pursuing a degree at an academic or technical college or university. The student must be Episcopalian and a resident of Glynn or McIntosh counties.

“This effort is a great example of how the Coastal Georgia Foundation can work with other organizations and individuals in our community to accomplish meaningful, impactful and, often, complicated objectives,” said Paul White, president and CEO of the Communities of Coastal Georgia Foundation. “I am so proud that we could be a part of the team that made this scholarship a reality, not just for this year, but in perpetuity.” Watson said Holt perfectly exemplifies the kind of young woman the Episcopal Church Women of Christ Church Frederica aimed to help through this initiative.“Maggie embodies precisely what we were hoping to accomplish through this effort,” she said.