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Gifts of Stock

Gifts of Stock Benefit You as Well as The Salvation Army

An outright gift of long-term securities (owned more than one year) to The Salvation Army is free of capital gains tax, no matter how much their value may have risen. Therefore, it is better to donate appreciated long-term stock outright than to sell it yourself and then donate the money to charity, in which case you would be responsible for the capital gains tax. A gift of stock also allows you to remove the appreciated asset from your taxable estate.

When you make a gift of long-term appreciated stock, you can deduct the full fair market value of the gift from your taxable income when itemizing deductions in the year you make the gift as long as it does not exceed 30 percent of your adjusted gross income. In addition, you may "carryover" and deduct any remaining amount during the next five years, as long as it does not exceed 30 percent of your adjusted gross income in the year of deduction.

In addition to making an outright gift, if you are over 50 years of age, funding a Charitable Gift Annuity with appreciated stock is an excellent mechanism to both receive a significant charitable deduction as well as receive income from the gift. Stock is first transferred tax-free to The Salvation Army through our planned giving department. (214-956-6271). Next, a contract with the donor is formalized and the annuity pays a guaranteed income rate between 5.3% and 11% (depending on age(s) of the annuitant). For more information on this and other planned gift options, please click here.

You can take pleasure in knowing that your generous gift provides immediate support for the programs and work of The Salvation Army. For more information on donating appreciated long-term securities, please call 214-637-8218.
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