GIVE STOCK TODAY!
DTC Clearing Number: 0164, Code 40
Account Name: Boys & Girls Clubs of North Central Georgia
Account Number: 6409-1963
-
When you donate appreciated stock (publicly traded shares you’ve owned for more than one year), you can increase your charitable impact since the charity receives the full market value, not the after-tax amount you would have received by selling.
-
The stock must be long-term (held more than one year) to deduct the full fair market value.
For short-term stock (held less than one year), you can only deduct your cost basis.
Deductions for gifts of appreciated assets are generally limited to 30% of your adjusted gross income (AGI) in a given year (any excess can be carried forward up to five years).
Always confirm specifics with your tax advisor or CPA to ensure compliance and optimization for your situation.
-
Let a BGCNCG Staff Member know:
The name of the stock being donated
The name of the shares you intend to transfer
The name of the brokerage firm
Notify BGCNCG of your desired use for the stock donation
-
Please email Donna Brown at Dbrown@bgcncg.com
-
You can also donate appreciated stock to a Donor-Advised Fund (DAF) at Fidelity Charitable, Schwab Charitable, or similar institutions.
You receive an immediate deduction and can later recommend grants to charities like BGCNCG over time.
-
If you bought stock for $2,000 that’s now worth $10,000, donating it directly gives you:
A $10,000 charitable deduction** (if you itemize deductions).
No capital gains tax on the $8,000 appreciation.