Did you know that you can reduce your taxable income by deducting the full fair market value of the securities you donate to the American Red Cross, as long as you have owned these assets for at least one year?
Normally when you sell securities that have gone up in value, you must pay capital gains tax on the increase in value. However, by donating the securities to charity, you do not pay capital gains tax. For example, if you paid $100 for 10 shares of Computer, Inc. in 1997 and the shares are now worth $200, you can deduct $200 - twice as much as you paid for the stock!
|Brokerage||Brokerage Contact||DTC Number||American Red Cross Bay Area Chapter Account Number|
|Charles Schwab||(800) 435-4000||0164||4626-7707|
|Morgan Stanley||Theo Taft Schwabacher
|Wells Fargo||Mark Cavalier
|Company Name||American Red Cross Bay Area Chapter
|Contact Phone Number|
So that we can match your stock or mutual fund gift with your name and address for receipt purposes, please notify us of the pending transfer by providing the name(s) of the stock(s) or mutual fund(s) and the number of shares or units along with your name and mailing address particulars.
Feel free to notify our planned giving team at (415) 427-8989 or email@example.com.
Before making a gift of stock to the American Red Cross Bay Area Chapter, we recommend that you consult your tax advisor or attorney for full advice on the effect of your gift.
If you have actual stock certificates, wish to contribute mutual funds, or would like to participate in the Red Cross annuity program, please contact our planned giving team at (415) 427-8989 or firstname.lastname@example.org.