Making a Planned Gift is Easier Than You Think. You Can Help Build a Better and Stronger Valley.
It’s your plan… it’s your legacy!
- Leave a gift in your will or trust
- Designate a nonprofit as a beneficiary of a portion of your IRA or other financial accounts
- Give life insurance you no longer need
- Give appreciated stock and save on taxes
- Consider a gift of real estate
- Donate your IRA required minimum distribution directly to a nonprofit and avoid taxes.*
Speak with your trusted professional financial advisor or call (203) 751-9162 to explore which planned-giving option is best for you.
*Must be 70½ years or older.
Gifts of Stock and Appreciated Assets: FAQs
How do I arrange for a gift of my stock?Layer Closed
Contact the charity to request a stock transfer form.
What are the tax advantages of a gift of stock?Layer Closed
Assuming you are giving long-term (owned for 12 months or more) appreciated securities, you will receive a charitable income tax deduction equal to the fair market value of the shares. For common stock this is typically the mean value on the date that we take control of the shares you give. You will pay no capital gains tax. Gifts of stocks are deductible up to 30% of your adjusted gross income the year you make your gift. Any excess amount can be rolled over into the next tax year, for up to five additional tax years if needed.
Will you sell the shares I give you?Layer Closed
For many charities, it is generally the organization’s policy to liquidate any donated stock shares very soon after receiving them to support the charity’s mission.
Can I give closely held stock that I own?Layer Closed
Giving closely held stock is more complicated than giving publicly traded securities and may be subject to certain transfer restrictions. Some nonprofit organizations cannot accept non-standard gifts. Please contact the Valley Community Foundation to receive assistance in facilitating this transaction to support your favorite charity.
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