Donate Stock

Eliminate capital gain and donate your stock  

Assets, common stock, or mutual funds is a respected and sensible way to contribute to a charitable organization; not to mention a way to give without directly affecting your current circumstances.  By choosing this option you recieve tax benefits and save on capital gain taxes according to your assest's value and quantity. For instance, hypothetically John Doe have 100 shares from ABC Company and purchased the shares at 20 dollars per share 4 years ago. At the present day, the market value of those shares is 33 dollars a share. If the stocks were sold by John he would incur taxable long-term capital gain and would receive the difference between the market value and the taxes ($33 dollars minus $11 dollars capital gains per share; 100 shares times 22 = 2200 dollars in capital gains)

At this point, John could sell the stock and donate what he desires of the $2200. Or on the other hand, John can give the 100 shares to the charity of choice and they would not incur any capital gain taxes. By giving the stock, now instead of donating the $2200 hundred dollars the charity will recieve $3300 dollars total.

For more information in regards to donating stock, please contact The BYC at:

The Barnabas Youth Center

P. O. Box 91

Elberton, GA 30635