A Gift for Gender Equity to Disrupt the “New Normal”

Ruth Folchman, a Women’s Fund donor, has made a gift of nearly $25,000! A gift in which she hopes will challenge others to consider making a gift of stock or money.

Ruth noticed the dissonance between the stock market high and the dismal reality for so many women and girls who have been suffering from the twin pandemics of racism and COVID-19. She sold the stock and made a transformative gift to the WFWM to bring needed change to our region’s women and girls.

What does the market look like right now?

We asked Amy Jamrog of The Jamrog Group (lead sponsor of Power Women Hour) to shed some light on what is happening in the stock market and why you should talk to your financial advisor about the best options for you. Here is what she had to say:

“We all know that 2020 has been a year of uncertainty and unpredictability. This definitely includes stock market volatility. The huge swings up and down have been worrisome to many investors this year. While it’s understandable that you might be concerned, keep in mind that volatility can also present opportunities.

This might be a good time to look at your overall investment allocation to determine if a re-balance makes sense. Take time to re-think your own risk tolerance, especially if your time horizon for your investments or your retirement has changed.

It’s also worth thinking about your charitable intentions when you review your portfolio. Do you have any holdings with large capital gains? Those might be ideal investments to donate to your favorite non-profit. When you gift appreciated stock, you typically receive a charitable deduction and you avoid capital gains. This is because you are not selling the stock or fund, you are gifting it. The non-profit receives your gift and does not have to pay tax when they sell it due to their own favorable tax status.

When you gift appreciated stock, you typically receive a charitable deduction and you avoid capital gains.

Amy JamrogChief Executive Officer, Financial Advisor, The Jamrog Group

Talk with your accountant, estate planning attorney, or financial advisor to determine if any of these opportunities might apply to you in 2020.”

Every gift makes a difference.

Gifts of any size make a huge impact for women and girls in Western Massachusetts.

With the regressive impacts on gender equity from the coronavirus pandemic, progress for women and girls is being threatened across the globe. Your purchasing power truly matters on the local scale, wherever you are.

Want to know more about Gifts of Stock? Learn more to get started.