Jeffrey Renelt and Jonna Martin
Student’s Relatives Make Tax-Wise Gift Henry Martin’s aunt and uncle, Jonna Martin and Jeffrey Renelt, have been so impressed with Mary Cariola that they recently made a gift of stock.
“We are very happy to have been able to make our contribution, but the real credit goes to the organization and the staff,” said Jeff. “They have taken such a personal interest in Henry and all of the children for whom they make such a difference.”
Jeff is a Vice President and Wealth Management Advisor at Merrill Lynch in Pittsford. By providing the required documentation to its corporate matching gifts program, Jeffrey was able to get the donation doubled through the Merrill Lynch program.
Shares of stock make an ideal charitable gift, since donors do not have to pay the capital gains tax on the appreciation if the stock has grown in value over time. Donors also get a charitable tax deduction so that overall the true “cost” of the gift is lower than giving cash directly.
“Our main motivation for making the gift was to support an incredible agency,” said Jonna. “Mary Cariola is so nurturing and nourishing.”
“We are continually impressed with every facet of Mary Cariola, so making the gift was an easy decision for us,” said Jeff.