SouthEast Bank Funds Youth Development Programs Through $50,000 Donation
October 23, 2024
Have you ever thought about how a simple action today can change the future for generations to come? Making a planned gift of stocks to Boys & Girls Clubs of the Tennessee Valley does just that! Not only does it create a legacy for you, but it also fuels our mission to help young people reach their full potential. Plus, giving stock is often one of the most tax-savvy ways to give—let’s take a closer look!
Why Stock Gifts? The Tax Benefits for You
If you have a long-term investment portfolio, chances are you’ve seen substantial growth. Consider this: less than 15 years ago, the Dow Jones was trading just over 8,200, and today, it’s at a whopping 42,500 (as of October 2024). For many investors, that translates to considerable capital gains.
By donating stock, you avoid capital gains taxes that would otherwise apply if you sold the stock yourself. Instead, you can donate it directly to BGCTNV and receive a charitable deduction for the full, fair-market value of the stock on the date of transfer. Many financial advisors and CPAs recommend year-end stock giving as a smart tax strategy, so November and December are perfect months to consider making this impactful gift.
Beyond Tax Savings: What Your Gift Means for BGCTNV Members
When you give stock to BGCTNV, you’re doing so much more than making a financial transaction—you’re changing lives. Each gift supports vital programs like academic tutoring, arts education, and emotional and social wellness services for over 7,500 kids across 25 Clubs in Knox, Blount, Loudon, Claiborne, and Anderson Counties. Here’s how your generosity makes a difference:
- Academic Success: Stock gifts help fund after-school and summer learning programs, which are essential for keeping kids on track academically. Members who attend Club programs consistently are twice as likely to graduate on time, prepared for their next steps.
- Health and Well-Being: From serving over 360,000 healthy meals a year to promoting active lifestyles, your gift supports programs that build lifelong habits for well-being. These programs make a powerful impact, especially as over 80% of Club members come from economically disadvantaged backgrounds.
- Good Character and Citizenship: BGCTNV nurtures young leaders, encouraging service, responsibility, and character development. By funding these efforts, you’re helping kids grow into caring, productive adults who will continue to positively impact our community.
Leave a Legacy That Lasts
Choosing to make a planned stock gift is more than a donation—it’s a way to build a legacy of opportunity, resilience, and hope. Every dollar invested has a ripple effect, creating a positive economic impact in our community.
Are you ready to explore how a stock gift could work for you? Contact Dean Deatherage at 865-232-1116 or ddeatherage@bgctnv.org to discuss this meaningful way to support BGCTNV’s mission and leave a lasting legacy for generations to come.
Let’s work together to ensure that great futures truly start here!
