Donating stock and securities instead of cash may help you get a bigger tax break.
Make a bigger impact by donating long-term appreciated securities, including stock, bonds and mutual funds directly to Alliance for Cancer Gene Therapy. Before-tax gifts are typically tax deductible for the full market value. By donating stock and securities that have appreciated for more than a year, you maximize your tax deduction and give 20% more than if you sold them and made a cash donation.
Talk with your broker. Most banks and brokerage firms require a simple letter of instruction or authorization to transfer assets. Mutual fund companies may have a special form. It’s a good idea to start the process at least two weeks before December 31.
We are here to help: If you have any questions, please contact us at email@example.com or (203) 358-5055.