Stocks

Tax Benefits of Donating Stock

Donating stock directly to the Children’s Cancer Center will reduce the amount of money received by the charity while reducing the tax burden of the donor. When donating securities that have been held for over a year, donors can take advantage of IRS tax provisions to claim a charitable deduction for the full, fair market value. This eliminates capital gains on the transfer.

Charity Benefits from Donation of Stock

When donating stock, a charity can receive a larger donation than if you donated the cash from the sale of stocks. When you make a donation of stock to the Children’s Cancer Center, you typically do not have to pay taxes on the gains of the stock.