Make a Bigger Impact While Potentially Reducing Your Tax Burden
Giving appreciated stocks, mutual funds, ETFs, or other securities can be one of the most tax-efficient ways to support Communities In Schools of Cape Fear. Instead of selling an investment and donating the cash, you may be able to transfer the securities directly to CIS Cape Fear. By doing so, you could:
- Avoid paying capital gains tax on the appreciation of the asset.
- Receive a charitable income tax deduction for the fair market value of eligible securities if you itemize deductions.*
- Make a larger gift than you might have been able to with cash alone.
Your gift helps ensure local students have the relationships, resources, and opportunities they need to stay in school and achieve in life.
How It Works
If you’ve owned publicly traded securities for more than one year and they’ve increased in value, donating them directly to Communities In Schools of Cape Fear may provide greater tax advantages than selling them first. For example, if you planned to make a $50,000 charitable gift, selling appreciated stock could trigger capital gains taxes, reducing the amount available to donate. By transferring the shares directly, you may avoid those taxes while allowing the full value of the securities to support local students.
Because Communities In Schools of Cape Fear is a qualified 501(c)(3) nonprofit, we can sell donated securities without paying capital gains tax. Your gift helps ensure local students have the relationships, resources, and opportunities they need to stay in school and achieve in life.
Donating securities is simple.
- Contact your financial advisor or brokerage firm to initiate the transfer.
- Email info@ciscapefear.org to request our brokerage transfer instructions and DTC information.
- We’ll work with you and your advisor to ensure your gift is received and acknowledged promptly.
Questions?
Email: info@ciscapefear.org
Communities In Schools of Cape Fear does not provide tax or legal advice. Please consult your financial advisor, tax professional, or attorney to determine how these benefits may apply to your individual situation.