Your Gift of Appreciated Stock May Have Multiple Benefits!
Gifts of securities, such as stock, that have increased in value are a popular asset used for charitable giving because of the mutual benefits provided to the charitable organization (us) and the donor (you).
Selling a stock or bond that has appreciated in value subjects the individual seller to a tax on that capital gain. A public charity, such as Riverbend Environmental Education Center, is not subject to income taxation therefore it can sell your donated securities without being subject to the capital gains tax. Additionally, a charitable gift of securities held for over one year often entitles the donor to an income tax deduction equal to the value of the security at the time it is given to the charity.
You can notify us of your intent to donate stock by calling Laurie Bachman, Executive Director, or Lisa Hancock, Director of Development, at 610-527-5234. So we can accurately acknowledge your gift, you may wish to follow the directions on our stock transfer form.
The IRA Charitable Rollover provision allows individuals ages 70½ and older to make direct transfers from their IRAs to qualified charities, such as Riverbend Environmental Education Center (up to $100,000 annually).
If you wish to make a qualifying 2016 distribution, please contact your IRA administrator and request the direct transfer of funds before December 31st.
These direct distributions to eligible charities can be free from federal taxation and income taxes. As with all donations, please consult your financial and legal advisors.
Disclaimer: The material presented in this message and elsewhere by Riverbend Environmental Education Center is not offered as legal or tax advice. Neither the author, the publisher, nor Riverbend Environmental Education Center is engaged in legal or tax advisory service. For advice or assistance in specific cases or whether to make certain a considered gift fits well into your overall circumstances and planning, the services of a professional legal and/or financial advisor should be obtained. The purpose of this document is to provide general gift information only. Watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering all larger gifts.
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