Blog Post
January 5, 2022
Did you know that you can make gifts of stock to Food for Greater Elgin and realize substantial tax
savings? With the cooperation of the Schrieber Group in Elgin, Food for Greater Elgin can now accept
gifts of stock.
Why should you consider this?
To oversimplify, if you bought $10,000 worth of stock ten years ago, and it’s now worth $20,000, you could sell it for $20,000, but still have to pay the sales fees and the taxes.
OR, you could give the stock to Food for Greater Elgin, and what originally cost you $10,000 becomes a $20,000 tax deduction for you and $20,000 to us!
Call us at 224-242-3370 to make it happen!