Year-End Giving Can Reduce
Your Tax Bill
With the end of the year rapidly approaching, now
is an ideal time to review your important financial
matters. By carefully planning your charitable gifts,
and completing them prior to December 31, you can
enjoy the satisfaction of giving to the organizations
that are meaningful to you, while increasing your
tax refund or reducing your taxes.
Gifts of cash, stocks that have increased or
decreased in value, real estate or other properties
that you own could be excellent choices for charitable
gifts. Several giving methods allow you to make
charitable gifts, while providing increased income
for yourself and others, along with current and
future tax savings and other financial benefits.
You can also give through your will, living trust,
retirement plan assets or even through life insurance.
In addition, if you are 70 ½ or older,
there are just a few days left to take advantage
of the Pension Protection Act,
established last year by Congress. The provision,
which allows donors over 70 ½ to make a
tax-free gift up to $100,000 from their traditional
or Roth IRA, is good through the end of 2007.
Check with your financial advisor about the best
way to take advantage of this or another type
of gift prior to December 31, 2007. Then, contact
us at foundation@sigmanu.org.
We will be happy to assist you in making a meaningful
year-end gift that benefits you and the many brothers
we serve through Foundation-sponsored programs
and educational training sessions.
Whether you are facing high taxes, suddenly receive
an unexpected amount of money, wish to take advantage
of your employer’s matching gift program
or just want to help Sigma Nu, be sure to make
your gift now against this year’s taxable
income. |
