Donating appreciated stocks can provide significant tax benefits to the donor while offering a substantial gift to Mother Seton School. Donors receive an income tax deduction for the full market value on the date of the gift, provided you have owned the securities for more than 12 months.
Most donors avoid capital-gains tax otherwise due on the sale of the securities.
Unfortunately, when funds are transferred electronically, the donor's name is not always included in the transfer information. Please let us know of your gift so we can properly match the stock that we received with your gift record.
IRA CHARITABLE ROLLOVER
This special provision allows individuals age 70 1/2 or older to exclude from taxable income-and count toward their required minimum distribution-transfers of IRA assets, up to a total of $100,000, that are made directly to public charities, such as Mother Seton School.
As always, it is the responsibility of the donor to reference IRS guidelines and consult with your financial or tax advisor.
For more info, contact the Advancement Director at (301) 447-3165 or firstname.lastname@example.org.