Stock Donations
Consider Stock Donations
Making donations of equities/stock to help charitable organizations can also benefit your income tax situation. The more your stock has appreciated, the bigger the benefit can be for you.
When you donate stock (held over one year) you avoid capital gains tax, but you can still get a charitable deduction for the full market value of the stock. For details, we suggest checking with your financial advisor.
For more information, check with your tax consultant, or contact Children’s Home Chief Philanthropy Officer Jon Mammenga:
(605) 965-3136 – or– jon.mammenga@chssd.org