Appreciated Assets

 

HOW IT WORKS.

 

Transfer stocks, bonds or mutual funds that have appreciated in value to the Supreme Temple, Daughters of the Nile Foundation. The Foundation then sells your appreciated assets and uses them to further its Mission.

 

BENEFITS:

 

·         You receive an income tax charitable deduction based on the fair market value of the asset on the date of transfer no matter what you paid for it.

 

·         You pay no capital gains when the asset is sold.

 

·         Many times the transfer of appreciated assets is better than cash because of the smaller investment you have in the asset and the use of fair market value as the basis of the charitable deduction.

 

The Foundation will also accept gifts of real estate under certain circumstances. Please review the Foundations Gift Acceptance Policy.

 

While bank accounts and certificates of deposit do not represent appreciated assets, they can be easily transferred to the Foundation. Examples of methods of transfer of Bank Accounts or C.D.s:

 

·         Mary Smith or Supreme Temple, Daughters of the Nile Foundation, JTWROS

 

·         Mary Smith, POD (Payable on Death) to the Supreme Temple, Daughters of the Nile Foundation.

 

·         Mary Smith, TOD (Transferrable on Death) to the Supreme Temple, Daughters of the Nile Foundation

 

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Gifting Incentives

Other ways you can give to the Daughters of the Nile Foundation include naming the Foundation as a beneficiary on your Retirement Accounts or your Annuities; naming the Foundation as a joint tenant, payable on death beneficiary or transferable on death beneficiary on your Certificates of Deposit and Savings Accounts; or establish a Charitable Remainder Trust that benefits the Foundation.

Marketable Securities

Gifts of long-term appreciated securities may include individual stocks, bonds, or shares of mutual funds. Gifts of securities can be made quickly and easily and can enable you to do more with your gift because of the tax benefits.

Wills and Bequests

A bequest to the Daughters of the Nile Foundation Convalescent Endowment Fund will continue supporting Shriners Hospitals for Children® after your death.  Federal estate tax laws encourage charitable bequests by allowing an estate tax deduction for the full value of charitable gifts.  No limit is placed on the amount that can be left to charity and deducted from your estate as a charitable contribution.