When making charitable donations, many people automatically pull out their checkbook or credit card. Although certainly the quickest and easiest way to donate, donating stock can provide several financial benefits to both the donor and the nonprofit organization compared to just writing a check or using a credit card. And the stock donation process is not as complex as many people assume.

By giving the gift of stocks, bonds, and/or mutual funds, you can deduct the fair market value of those donated shares from your taxable income — just as if you donated cash. Additionally, you get the benefit of not having to pay capital gains tax on the appreciation of the stock’s value since you bought it.

To learn more, or to transfer your shares held with a brokerage directly to the CMC Foundation, please contact us at 800-875-6370 or email us at foundation@vellorecmc.org today.

Connect with Patricia Carroll, Director of Business and Finance.

EIN/Tax ID: 13-2735359