Ways to Give
While the joy of helping to strengthen our community and quality of life is a great incentive for giving to this project, there are many ways to give financially that provide immediate or deferred tax benefits. These benefits allow donors to make a greater impact (without spending more money).
Cash contributions to this project are fully deductible to the extent allowed by federal law. Gifts qualify for deductions in the calendar year during which they are given. We provide receipts, as required by the IRS, for all gifts of $250 or more.
Stocks and Securities
Gifts of appreciated stocks can allow individuals to make large gifts with a small out-of-pocket expense. If stocks held for more than one year and appreciated in value are contributed to this project, the donor may receive a federal income tax deduction for the fair market value of the security on the date it is transferred. The IRS calculates fair market value as the average of the high and low price for the security on its primary market on the date the asset is transferred. Gifts made this way avoid capital gains tax.
It is usually better to sell depreciated stock, realize the loss and give the proceeds.
Gifts of Property
Most of the tax considerations for securities noted above also apply to gifts of real property. Special tax benefits are available if residences or farms are the object of a donation.
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