Appreciated Stock vs. Cash
Same Income Tax Charitable Deduction- the value of your income tax charitable deduction for a gift of shares of appreciated stock or of an appreciated mutual fund, which you’ve owned for more than one year, is the full fair market value of those shares on the day you give them.
There are additional benefits to giving stock to a nonprofit. If you were planning on selling such shares of stock or mutual fund, you can completely avoid the capital gains tax by gifting such shares instead of cash. After your gift is received, we will sell such stock or mutual fund shares but pay to capital gains tax, as nonprofits are tax-exempt. Visit Fidelity’s page on gifting stock benefits for more information.
Get Started
Want to get started on donating your stock to make a difference in cancer patients’ lives? Contact us at (336) 760 9983 and ask to speak with Tara O’Brien, CEO, or email her at tara@cancerservicesonline.org to start the process. We are endlessly grateful for your help supporting our community!
