Donate Stock, Securities, etc. - Donating stocks or mutual fund shares is a powerful way to help fuel Common Fire's work while gaining a tax advantage on those that have appreciated in value.
If you choose to give securities that you have held longer than one year to CFF, you can avoid all capital gains tax liability on the appreciation. In addition, you can take a charitable income tax deduction for the full current market value of the securities -- up to 30 percent of your adjusted gross income -- with up to five additional years to carry-over the deduction. This option is especially attractive if you have long-term stock holdings that have greatly grown in value.
You can also "balance" capital gains through a charitable gift of appreciated securities to CFF. Under this alternative, you give part of your shares to CFF while selling the remainder. In consultation with your financial advisor, you can determine the gift amount that will exactly offset the gain from the sale of the remainder of your securities.
If you own securities that have decreased in value from the amount you paid for them, you should consider selling the stock and making a gift of cash to CFF. This ensures you can take a capital loss deduction on your income tax and a charitable deduction for the full amount of the donation.
Please consult with your financial advisor on the benefits of donating securities. It is essential that you notify Common Fire prior to executing the transaction, so we ask that you contact us for the transaction information.
Remember, the Common Fire Foundation meets or exceeds all of the BBB Wise Giving Alliance's "Standards for Charity Accountability"
