Gifts of Stock or Bonds
In giving securities to Living Bread Radio that have increased in value since you bought them, you can take the current market price as tax deduction and owe no income tax or capital gains tax on the increase. Some donors have stocks that have appreciated over time and would rather donate these than cash. No capital gains taxes apply.
It is important that you transfer the ownership of these assets to Living Bread Radio instead of selling them and donating the proceeds of the sale. If you sell the asset and then gift the proceeds, you will be responsible for capital gains taxes. Transferring ownership eliminates the capital gains tax. Capital gains on the amount of appreciation may be avoided, and the donors may receive a tax deduction based on the fair market value of the stock or property at the time of the gift. Please contact your financial advisor for advice and then call Living Bread Radio – (330) 966-2903
Don't Forget Matching Gifts Program
Maximize your gift! Many employers have a matching gift program that can maximize the impact of charitable contributions by employees and retirees. Specific details about your matching gift program can be obtained through the Human Resource office at your work place. It’s that simple to double your contribution to your Living Bread Radio
