Why give stock to the St. Baldrick’s Foundation? The first reason is to help cure childhood cancer. But here’s another.
Let’s say you bought $1,000 in shares of your favorite company a few years ago, and now its value is $5,000.
If you gift this stock to the St. Baldrick’s Foundation, you’re eligible for a tax deduction for the full $5,000 value. And you’ll avoid the capital gains taxes you’d have to pay on the $4,000 appreciation if you sold the stock.
Sound good? Here’s how to do it:
Send a written letter of instruction and authorization to your broker to electronically transfer your shares. The letter should:
TD Ameritrade Account # 883711038
DTC # 0188
St. Baldrick’s Foundation
Avis Matsuda, Director of Philanthropy
1443 E. Washington Boulevard, #650
Pasadena, CA 91104
(626) 792-8247, ext. 15 or StockGifts@StBaldricks.org
Here’s a sample letter for you.
One last thing: We really want to thank you - and to be sure you get the donation acknowledgment you need for tax purposes. To let us know about your gift, please send a copy of that letter to us, too.
You will be moved to action when you meet some of the brave kids who are battling childhood cancer.
Click here to read their stories.
The St. Baldrick's Foundation is a non-profit 501 (c)3 organization, IRS identification number 20-1173824.
Donations made to the St. Baldrick's Foundation are tax deductible in the U.S.