As the holiday season approaches, many of us reflect on how we can make meaningful contributions to our communities. A powerful way to give back this season is by donating stocks, bonds, or mutual fund shares that have appreciated to Eva’s Village. Not only does this endowment directly support the impactful work of Eva’s Village, but it also offers substantial benefits to you as a donor.
When you donate stocks you’ve held for more than a year, and which have increased in value, you qualify for an immediate tax deduction. This deduction is based on the current market value of the stocks, providing a potential tax advantage if their value has significantly risen since you first purchased them. This means you could benefit by saving on your taxes while supporting a good cause. Moreover, transferring these assets to Eva’s Village (Tax ID #22-2424542) ensures that the gains from the stocks are not subjected to capital gains tax. This is a win-win situation: you enhance your charitable giving power and simplify the tax implications of your donation. By donating appreciated securities, you amplify your support to vital community services--impacting lives far beyond monetary value. Consider giving stock as a gift this year and see the true power of your generosity in action. Embrace the opportunity to give back to Eva’s Village and witness your contributions working to better lives within the community. Leave a Reply. |
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10/15/2024
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