Appreciated stock can be an ideal way for donors to increase giving impact at a considerably reduced cost, because of a double tax benefit.
Here’s how the double tax benefit works:
Suppose you decide to give 100 shares of stock with a current fair market value of $5,000. You bought the stock for only $1,000 more than a year ago. Today, you can deduct the full $5,000 on this year’s income tax return (the first tax benefit). The $4,000 capital gain is not taxed, even though it has “inflated” your charitable deduction. Avoiding the capital gain tax makes it possible to give stock at a lower actual cost to you rather than making a cash gift (the second tax benefit). Win-Win! You save! The charity gets a superabundant impact!
You must have owned the shares for at least one year, and deductions and exemptions are subject to legal limits. Please consult your investment and/or tax advisors to understand available benefits according to your personal circumstances.
If you’re ready to make a stock donation to St. Ambrose, please provide your administrator company our Brokerage Account Information to schedule your donation transfer:
Account Name: St. Ambrose Academy, Inc.
Account Number: 51V-04121
DTC Number: 5198
Receiving Brokerage: Merrill Lynch | 200 Josephine St | Denver, CO 80206 | (720) 941-2056
THANK YOU FOR YOUR SUPPORT!!