Never Miss a Chance to Do the Most Good

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Never Miss a Chance to Do the Most Good

Please enter your name, email and zip code below to sign up!

Please enter your first name
Please enter your last name
Please enter a valid email address
Please enter a valid zip code

Never Miss a Chance to Do the Most Good

Please enter your name, email and zip code below to sign up!

Please enter your first name
Please enter your last name
Please enter a valid email address
Please enter a valid zip code

Never Miss a Chance to Do the Most Good

Please enter your name, email and zip code below to sign up!

Please enter your first name
Please enter your last name
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GIFTS OF STOCK Image

GIFTS OF STOCK

 

GIFTS OF STOCK, BONDS, AND
MUTUAL FUNDS

 

Donating private stock to charity is a powerful way to support Memphis charitable organizations like The Salvation Army. By contributing appreciated securities, you can potentially avoid capital gains taxes while providing significant financial support to our programs. This method of giving not only benefits you through potential tax deductions but also ensures that your generosity has a lasting impact on the community. To learn more about how you can make a difference through stock donations, please contact us today.

 

 

For more information, please contact:

Chris Head

Divisional Resource Development Director
502-357-8517

The Salvation Army is grateful for all of the resources we receive from the community. For many of our partners, giving a gift of stock is a great option. It’s beneficial to the person that gives and to The Salvation Army. These gifts are not only helpful to our partners because of the potential tax benefits, but also because of the way that an initial investment can be multiplied into greater impact in the community. For The Salvation Army, we receive a greater proportion of the proceeds from these gifts, and that translates directly into more changed lives. When you give stock, it makes a real difference.

Since The Salvation Army is a recognized 501(c)(3) not-for-profit organization, there are numerous benefits to making your gifts of stocks, bonds or mutual funds. For instance, if you have owned the stocks, bonds or mutual funds for more than one year, you can claim an immediate charitable income tax deduction for the fair market value up to 30 percent of your adjusted gross income in the year you make the gift. Any unused deduction amounts may be used to help reduce taxes in up to five upcoming tax years.

By giving appreciated stocks, bonds or mutual funds, you also bypass the capital gain that would normally be taxable if you were to sell. These types of gifts allow you to use “paper profits” to help offset and reduce your federal and state taxes. Appreciated securities are also ideal for establishing charitable income-producing gifts and charitable trusts.