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Gift your appreciated stock and eliminate capital gains tax. Click Here to see the Diocese of Joliet stock donation instructions.
Regardless of whether you itemize your taxes, this gift helps you fulfill your required minimum distribution (RMD) and is not considered taxable income. Contact your IRA fund administrator for specific directions on how they would handle this type of transaction.
Some companies have matching gift programs. If your employer has this type of plan, please consider utilizing this program. There are many companies who offer employee matching gift programs for educational purposes as well.
Please consult your attorney or tax advisor to determine what is best for your unique situation.