A Gift of Stock is also an option for year-end giving. When giving appreciated assets, such as public stock, you not only receive a tax deduction for the fair market value of the stock, but you also avoid capital gains tax. Timing is everything! As you consider your year-end giving, remember the IRS has very specific deadlines to claim credit on this year’s taxes, depending on what you give. For cash gifts, it’s all about the postmarked envelope. For stock, its the transfer that matters. Checks from your IRA account have to be fully processed by December 31. For more information on how to best give a gift of stock to CEF, click HERE. Simply fill out your contact information, choose “donation information” from the drop down menu, and type “gift of stock” in the “Other” box. We will get back to you promptly with the next steps to take. You can also email Joel Cripe at [email protected], or call our office (209) 250-2561. |
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