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Online Stock Donations
Do you own stocks or bonds that have appreciated in value, but if sold would incur capital gains taxes? Making gifts of long-term appreciated securities rather than cash is easy and offers you many benefits. Long-term appreciated securities are stocks or bonds that have been closely held for at least one year and have risen in value. Contributing these securities can be the most cost-effective way for you to make a charitable gift in support of a friend’s Cure on Wheels ride.
1. You receive a charitable tax deduction equal to the full fair market value of the securities at the time of your gift.
2. You avoid capital gains tax on the increase in value.
3. You contribute financially while reserving cash for other purposes.
4. You maintain the flexibility to take a tax deduction up to 30 percent of your adjusted gross income; should the deduction exceed 30 percent, you may carry forward the balance for at least five additional years. Stock donations are made through our eGifts site. You can search for a rider's fundraising campaign by GiftTool number or last name. Then follow the directions to sponsor a rider and complete a donation. Click the "Donate Stock" logo to the right of the rider's name to make your online stock gift. You will receive an email confirmation when your donation is processed.
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