Your gift of stocks or mutual funds could be the best way to maximize tax savings while meeting your charitable giving goals.
Give stocks or mutual funds to maximize tax benefits
Whether your stocks have gained or lost value, you can receive tax advantages. Please consult your financial advisor about your specific situation. Here are some tips:
The smart way to give appreciated stock:
- Donate shares of appreciated stock directly to JoyRx and receive a double tax benefit by avoiding capital gains on the profit you’ve earned and receiving a tax deduction for the fair market value of your gift.
The smart way to give depreciated stock:
- Sell shares of depreciated stock and then give the cash proceeds to JoyRx and take both the loss deduction and the charitable deduction.
Please provide your broker with the following information to facilitate the transfer of appreciated shares:
JoyRx Tax ID #: 93-1181662
Account #: 5686-0349
Account name: Children’s Cancer Association
Broker: Charles Schwab
Please let Nicole McDonald, JoyRx’s Director of Finance, know your stock gift is on the way: Call (503) 244-3141 or fill out the form below. Thank you!