Your generous, tax deductible donation to Dixon Center for Military and Veterans Services will make a positive difference in the lives of veterans and their families. Don’t just make an investment. Have an impact.
Dixon Center for Military and Veterans Services accepts stock and other securities as charitable donations.
One of the possible options to reduce your capital gains tax is by donating stock, specifically appreciated stock. There is a provision in the federal tax code that allows benefactors to reduce their capital gains tax, when they donate appreciated stock that they have held for more than a year and is the fair market value of the appreciated security and given to an IRS qualified charity.
In most situations donors can deduct the gift and avoid paying capital gains taxes on the appreciation. It is important to keep in mind, that if you have a stock that has lost or is losing value, it is likely better to sell it before making the donation. This allows you to still be able to deduct your charitable donation but also gives you the opportunity to also take a capital loss when you sell the investment.
Please contact our Director of Development, Vanessa Stergios at email@example.com or 330-705-4262, she can work with your broker and provide stock transfer instructions.