Would you like to gift stock to Soddo Christian Hospital? We can accept it!
St.ock gifts are a great way to donate funds to patient care. The Foundation receives the full current value of the stock, and the donor avoids capital gains taxes. How does it work?
Well, if the securities have been held for more than one year and are donated directly to the Foundation, the donor is able to deduct the full fair market value of the securities. And capital gains taxes are avoided. On the other hand, if the securities are sold first and then the proceeds are given, the donor still has to pay capital gain taxes to the Internal Revenue Service. A little planning in this area can help you take full advantage of the tax benefits allowed by the government.
Got some stock to donate? Contact us at info@soddo.org for more information on how to make the donation?