GIFTS OF STOCK
BUILDING A HUNGER-FREE COMMUNITY, TOGETHER
INCREASE YOUR GIFT TO SECOND HARVEST AND YOUR TAX DEDUCTION WITH ONE SIMPLE STRATEGY
Do you know about the (double) tax benefits of donating appreciated stock?
As long as you itemize and your gift qualifies, you can claim a charitable deduction for your financial gifts to Second Harvest Food Bank. You may also get an additional tax benefit if you donate long-term appreciated stock instead of cash. By donating it to a qualified charity, you may receive two tax benefits:
(1) If you itemize deductions, you can claim a charitable deduction equal to the stock’s fair market value, and
(2) you can avoid the capital gains tax you’d pay if you sold the stock.
Check with your personal financial advisor and/or tax accountant for professional advice about your unique situation.
For more information or to make a gift, please contact Susan Richardson, Senior Director, Donor Relations, at 336.784.5770 or by e-mail.