Donating stock to Yavneh
Did you know that you can significantly multiply the impact of your support for Yavneh and earn a hefty tax deduction as well?
Consider a gift of appreciated stock.
Here’s how it works:
If you own 100 shares of XYZ Inc. that cost $6 per share when you purchased it, the total purchase price was $600.
If the stock is now worth $30 per share, the total current value is $3000 ($30x100)
If you sold the stock you would have a gain of $2400 ($3000-$600)
However, you will have to pay tax on that gain – the exact amount will depend on things like your current tax bracket, the period of time you held the stock before selling it, etc.
If instead you donate the stock to Yavneh, you receive a tax deduction for the full current value of $3000. There is no tax to be paid on the $2400 gain.
You will have, in effect, donated $3000 to Yavneh at a cost to you of only $600 and you also receive a $3000 tax Deduction!
If you own stock that has appreciated in value and would like to make a tax deductible charitable contribution to Yavneh, please consider the advantages of a gift of that stock to our brokerage account.
Email the Yavneh president for more information about gifting appreciated stock. It is an easy way to multiply the impact of your support for Yavneh.
Consider a gift of appreciated stock.
Here’s how it works:
If you own 100 shares of XYZ Inc. that cost $6 per share when you purchased it, the total purchase price was $600.
If the stock is now worth $30 per share, the total current value is $3000 ($30x100)
If you sold the stock you would have a gain of $2400 ($3000-$600)
However, you will have to pay tax on that gain – the exact amount will depend on things like your current tax bracket, the period of time you held the stock before selling it, etc.
If instead you donate the stock to Yavneh, you receive a tax deduction for the full current value of $3000. There is no tax to be paid on the $2400 gain.
You will have, in effect, donated $3000 to Yavneh at a cost to you of only $600 and you also receive a $3000 tax Deduction!
If you own stock that has appreciated in value and would like to make a tax deductible charitable contribution to Yavneh, please consider the advantages of a gift of that stock to our brokerage account.
Email the Yavneh president for more information about gifting appreciated stock. It is an easy way to multiply the impact of your support for Yavneh.