Gifts of stock, bonds and mutual funds can allow you to support the Food Bank while realizing significant tax benefits such as avoiding capital gain taxes.
Are you holding shares that have appreciated significantly in value but pay a low dividend? Consider donating appreciated securities (stocks, bonds or mutual funds) to the Food Bank.
Fighting hunger with a gift of appreciated securities you’ve held for more than one year is the same as giving cash.
By donating to the Food Bank, you may be able to reduce or avoid capital gains taxes and receive a federal income tax charitable deduction.
And for every dollar donated, your gift will provide three meals to San Diegans in need.
Giving appreciated stocks or bonds allow donors to make a significantly greater gift than the original cost of the assets. With certain limitations, donors may deduct the full fair market value of long-term appreciated securities that have increased in value. The gift of appreciated assets usually avoids tax on the gain.
Gifts of securities are deductible up to thirty percent (30%) of a donor’s adjusted gross income with a five-year carryover. And donors may elect to qualify for a fifty percent (50%) adjusted gross income ceiling by reducing the value of the gift by the full amount of its appreciation, deducting only what was originally paid for the asset.
Please contact Casey Castillo, Vice President of Finance & Administration, if you would like to make a gift of stock to the Jacobs & Cushman San Diego Food Bank – email@example.com or 858-863-5116.