Other Ways to Give: Support Communities In Schools and save on capital gains taxes.
Communities In Schools is pleased to announce we are offering our supporters another way to make a lasting impact. Starting today, we are accepting stock donations.
Donating appreciated securities – such as stock or mutual funds – to Communities In Schools of Brunswick County is a tax-wise approach to strengthen Communities In Schools ability to amplify the power of each child’s potential by connecting them to caring adults to help them succeed.
The gift of an asset, often common stock or mutual fund shares, is a valuable way to make a contribution to a charitable organization and receive tax benefits such as avoiding federal and state income tax on the capital gain, receive an income tax deduction (federal and most states) for the full market value of the gift if you itemize deductions on your tax return and have held the assets one year or longer, and making a larger gift at a lower cost to you.
Securities can be gifted to Communities In Schools in two ways: either via electronic transfer (in which your broker transfers shares using the Communities In Schools DTC number) or by physically mailing the paper certificates to Communities in Schools of Brunswick County.
For instructions and additional guidance please E-mail: bjordan@cisbrunswick.org
