A year-end stock donation to APN will not only help the cause but also increase your income tax savings...
A year-end donation to Americans for Peace Now will help immeasureably!
There are several ways for you to contribute to APN. You can donate directly online or you can simply send a check to our offices but perhaps this is the year to maximize your gift to us and maximize your tax deduction as well, by giving a year-end stock donation.
When you make a contribution to APN, the amount you contribute is tax deductible as a charitable contribution. But did you know you can increase your tax savings even more if you give APN shares of stock? If you have held shares of stock for more than one year (long-term), and these shares have increased in value while you've owned them, you can increase your income tax savings by making a year-end donation of these shares to APN.
Here's How it Works
If you make a charitable gift of appreciated long-term shares of stock (shares of stock you have held for more than one year that have increased in value while you have held them) to APN, you can take a tax deduction for the full fair market value of the shares as of the date you make the contribution. This means that you enjoy a tax deduction for what you originally paid for the shares PLUS any growth in the value of the shares while you've held them.
Guidelines for Making a Contribution of Shares of Stock
Make gifts of shares of stock you've held for more than one year that have increased in value while you've held them. It is important that the gift consists of the shares of stock. Do not sell the shares first, and then make a gift of the sale proceeds to APN. If you sell the shares first, you will have to recognize the long-term capital gain on the sale, and this can result in an unnecessary capital gains tax. By simply making a gift of the shares to APN, any potential capital gains tax is avoided.
Some long-term shares of stock are better than others. When choosing which long-term shares of stock to donate to APN, remember that a gift of shares of stock with greater built-in appreciation (shares of stock that have enjoyed a greater increase in value while you've held them) will result in greater income tax savings for you.
Discuss a contribution of shares of stock to APN with your tax advisor. As tax consequences can vary depending upon
an individual's overall tax scenario, we suggest that you discuss any planned giving techniques with your tax
advisor prior to making the gift to APN. The only additional information that you will need to transfer the shares
is:
Americans for Peace Now brokerage house is TD Waterhouse
our account number is 33934768 and the DTC is 0044.
Finally when you transfer stock please inform us directly otherwise we won't know to credit you. The information that we receive does not tell us who contributed the stock so please send an email to: hsimon@peacenow.org with your information, the number of shares donated and the price point at the time of the transaction.
Thanking you in advance for your generosity!
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