The impact we can make together is profound. People with paralysis regain function and mobility. Stroke survivors drive again. People with brain injury restore their ability to think, learn, and remember. Jobseekers with disabilities, including veterans, find satisfying employment.
Your support will maximize recovery, independence, and inclusion for people with disabilities. Today, I remind you of a tax-savvy way of giving: donating stock.
A gift of stock or securities may be more advantageous for you than a gift of cash. Here’s how:
- Gifts of stock or securities may allow you to avoid capital gains taxes.
- Such gifts enable you to deduct the full value of the stock as a charitable contribution if you have owned the stock for at least one year and itemize deductions, saving income tax.
These tax advantages lower the effective cost of your gift so you can give more and have a greater impact without actually giving more. Many of our donors are switching to stock donations.
We’ve partnered with FreeWill to make donating stock even easier – this online tool gives you access to our account information so you can make the transfer in a few easy steps.
Also, if you or someone you know is 70.5 and older with a traditional IRA, another savvy way to give is through your IRA. In many cases, this kind of gift is 100% tax-free, and if you're 72 or older, can also count towards your required minimum distribution. Give from your IRA today!
Make a gift today by donating stock or giving from your IRA. Your support will change lives.
Please contact Michele Pignatello at [email protected] or 973.324.8363 for more information.
