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Instead of making a cash gift, consider giving the Redemptorists property that has appreciated in value. When you sell appreciated stocks, bonds, mutual funds, or real estate, you generate a capital gains tax which is currently taxed at ordinary income tax rates. There is a dual advantage in giving appreciated property. You avoid this tax altogether, and you obtain a deduction for the full fair market appreciated value of the property. So, if you have appreciated property, don't sell it, give it to the Redemptorists. If you wish any further information about the Redemptorists or about how you can become part of our Extended Redemptorist Family, please contact: Reverend Peter Schavitz, C.Ss.R. President, Development Office 1230 S. Parker Road Denver, CO 80231 Phone: 303-565-5450 Toll Free: 1-866-788-0343 Fax: 303-565-5454 E-mail: PSchavitz@redemptorists-denver.org |