Stock Donations Did you know you can get the greatest tax advantage by donating securities, such as shares of stock? If you donate profitable shares of stock to a 501(C) (3) nonprofit, not only will you avoid a capital gains tax, but you will also get a tax deduction for the full value of the shares. If you have shares of stock that have lost value, you can sell them and donate the proceeds with another double advantage: you’ll receive a tax deduction for the stock loss and a second deduction for the charitable donation. For further information on Stock Donations, please contact Allen Hailey, V.P. of Advancement at (773) 359-0133.

Stock Donations

Did you know you can get the greatest tax advantage by donating securities, such as shares of stock? If you donate profitable shares of stock to a 501(C) (3) nonprofit, not only will you avoid a capital gains tax, but you will also get a tax deduction for the full value of the shares. If you have shares of stock that have lost value, you can sell them and donate the proceeds with another double advantage: you’ll receive a tax deduction for the stock loss and a second deduction for the charitable donation.

For further information on Stock Donations, please contact Allen Hailey, V.P. of Advancement at (773) 359-0133.