Why donate stock?
Donating appreciated stock is one of the easiest ways to give more to the cause you care deeply about.
Donating appreciated stock to CPC Women’s Health Resource is a simple and tax-wise way to maximize your impact. Stock donations allow you to claim a tax deduction for the current market value of the stock while also avoiding capital gains tax. This means your tax deduction and your donation are larger than if you had sold the stock!
How it works
· Transfer appreciated stock you have owned for at least one year to CPC.*
· Receive an income tax deduction for the stock value on the date of transfer
· CPC then sells the stock using the proceeds where needed most, or where you designate
CPC receives a larger donation and you claim a higher deduction.
For example, one year ago you purchased $6,000 of stock. Today it is worth $10,000. If you were to sell that stock, you would incur $600 capital gains tax on the $4,000 gain, leaving $9,400 to donate. However, by donating the stock, you avoid capital gains tax, allowing CPC to receive the full $10,000 gift, and giving you a charitable donation deduction of $10,000. You have stewarded your resources for maximum impact!
To learn more on how to move forward, contact Janet at 419.636.5692.
*Securities may not be transferred from an IRA or other retirement account.