Your support powers the future of public media and enables SCPR to thrive. We want your gift to be as tax efficient to you as possible: donating appreciated securities like stocks or mutual funds may allow you to realize significant tax benefits when you make your gift. When you gift appreciated stocks or mutual funds, you:
- Gain the satisfaction of knowing your gift is sustaining public service journalism for generations to come.
- Avoid capital gains tax on the stock. Since the securities are donated rather than sold, capital gains tax from selling the securities no longer applies. The more the securities have appreciated, the greater the tax savings will be.
- Become eligible to receive an income tax charitable deduction for the full fair market value of the stock at the time of the gift. Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago and have a current value greater than their original cost) may be donated to SCPR and a tax deduction taken for the full fair market value of the securities - up to 30% of your adjusted gross income. Any excess can generally be carried forward and deducted over as many as five subsequent years.
To initiate your gift, please contact (626) 583-5198 or email Kate Ahner here.
How giving away $10,000 in stock can benefit you
The example below demonstrates how much you could save in taxes by gifting securities versus making a cash gift. The chart below assumes you wish to donate shares of stock worth $10,000 that you purchased for $2,000 several years ago.
As SCPR cannot provide tax, legal, or financial advice, we encourage you to consult with your tax advisor regarding the deductibility of this gift.