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:
Here's a sample letter for you.
One last thing: We really want to thank you - and to be sure you get the donation acknowledgement you need for tax purposes. To let us know about your gift, please send a copy of that letter to us, too.
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.