Making a gift of stock to the A-T Children’s Project allows you to support research toward a cure for ataxia-telangiectasia and may help reduce your tax bill.
Why it’s a win for you and for the A-T Children’s Project…
Gifting stock can provide the twin benefits of capital-gains tax avoidance on a stock’s appreciation, coupled with a tax deduction equal to the full fair market value of the appreciated stock.
For most taxpayers, it is generally most beneficial to gift stock that has appreciated AND that you have held for more than one year. In that case, you can take a tax deduction equal to the full fair market value of the stock, up to the overall amount allowed by the IRS. With long term capital gains rates at 20%, it effectively increases by 20% the amount of your donation versus selling the stock and then donating the after-tax proceeds.
And remember, it’s not just stocks…you can also donate bonds, mutual fund holdings or Exchange Traded Funds (ETFs).
It’s easier than you think…
Your stockbroker will require delivery instructions in writing, so to donate stock to the A-T Children’s Project, please copy and paste the following information in a note to your broker, along with the details on the stock you’d like to donate:
Firm: Wells Fargo Clearing Services, LLC
Account Name: Ataxia Telangiectasia Children’s Project Inc. (Tax ID #65-0427215)
Account Number: 1226-8241
A few final notes
- Please notify the A-T Children’s Project (firstname.lastname@example.org) when you have completed your request to your broker. That will ensure timely processing of your gift.
- Please contact Jennifer Thornton, Executive Director at Jennifer@atcp.org or (954)-481-6611 with any questions.
- The tax-deductible value of your gift will be equal to the average share price on the date of your gift multiplied by the number of shares you give.
- Your gift will be marked received on the date that the A-T Children Project’s account receives your stock transfer. In order for your gift receipt to be dated in the current year, your transfer must be received by us by December 31st.
Disclaimer: This material has been prepared for informational purposes only and is not intended to provide tax advice. You should consult your own tax advisor before engaging in any transaction.