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TCF's Innovative Gifts calculator
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It's a winning combination.  By donating your appreciated asset before the sale rather than selling first and then donating the proceeds less money goes to the government in taxes, more money goes to the charities you care about, and more money stays in your pocket.

You get a larger charitable deduction on your income taxes (which saves you money personally), and you avoid paying capital gains taxes (which sends more money to charity, rather than the U.S. government).

 
Enter the following information:

 
   
The fair market value of your asset
(how much you could sell it for today):
 
  $ (no commas)
Your cost basis in the asset
(how much you paid for it):
 
  $ (no commas)
Your Federal income tax rate:
 
     %
Your state income tax rate:
 
     %
The long-term capital gains
tax rate:
 
     15 %
(see below)

 

   

Selling first,
then giving

 

Giving before
the sale

Your charitable deduction:  
 
Capital gains taxes owed:  
  $0
Total tax savings:  
 
Amount that goes to charity:  
 

 

We strongly urge that you consult with your attorney, financial advisor, insurance agent and/or tax advisor to review and approve this complimentary educational information.  This information in no way constitutes legal advice.  It is not intended to analyze your particular situation but is broadly educational in nature.  We gladly will work with your independent advisors to assist in any way.

 

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