Shalom Center endowment accepts a wide variety of gifts/donations including cash, stocks, securities, estate gifts, mutual funds, distributions from IRAs or other retirement plan assets, real estate and life insurance policies.
Cash gifts qualify as a charitable contribution for federal income tax purposes and may be deducted up to 50% of adjusted gross income. Donors may carry forward for five (5) years any excess deductions.
By transferring appreciated securities to the Foundation, donors can avoid capital gains tax and still get a charitable deduction for the full market value of the securities. Gifts of appreciated securities are deductible up to 30% of adjusted gross income.