You are in: Donate » Gifts of Stock

Gifts of Stock

Send this page to a friend Email envolope

 

You can take pleasure in knowing that your generous gift provides immediate support for the programs and work of The Salvation Army. 

 

WHY SHOULD I DONATE STOCK OUTRIGHT INSTEAD OF SELLING IT MYSELF?

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.

 

HOW DOES THIS WORK? 

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

 

I STILL HAVE QUESTIONS. 

We're happy to answer any questions you have regarding Gifts of Stock. Simply refer to the contact information on this page.


 

For more information on donating appreciated long-term securities, please call 214-637-8266.

 


Print version





Search

Enter your search terms below and hit the 'go' button



Site Map Site Map

Quick Links

Find a Center

Enter your zip code to find your nearest Salvation Army

Donate

Donate

Email Newsletters

Subscribe to our email newsletters.