James Frank Wilson: A Legacy of Giving to Morgan County

James Frank Wilson has long believed in the power of community support, and his recent donation of appreciated securities to the Morgan County Community Foundation, an affiliate fund of the East Tennessee Foundation, exemplifies his commitment to improving lives in Morgan County. By donating appreciated securities, James Frank not only supports the future of the community he loves but also does so in a tax-wise manner.

“Giving back to Morgan County is something I’ve always felt strongly about,” says James Frank. “Donating appreciated securities allowed me to do more for the community without the burden of capital-gain taxes, and that’s a smart way to give.”

Donating appreciated securities is indeed a tax-wise choice. By transferring stocks or assets that have gained value over time directly to a charitable fund, donors like Mr. Wilson avoid capital-gain taxes while receiving a charitable deduction for the full market value of the asset. This strategy maximizes the impact of donations, ensuring that more resources go directly to supporting the community.

The Morgan County Community Foundation has already made a significant impact through grants made possible by donations like Mr. Wilson’s. These grants support a wide range of projects, from educational programs and health care initiatives to environmental conservation efforts. James Frank knows that by supporting the Foundation, he is helping to build a brighter future for the people of Morgan County.

“My hope is that my contributions can help improve lives right here where it matters most,” James Frank says. “Morgan County has given so much to me, and I want to do my part to give back. I hope others will be inspired to do the same.”

His generosity ensures that Morgan County remains a strong, vibrant community for generations to come.