Did you know that appreciated stock can be donated? Warren Cole Smith writes in his December 28, 2020 article,
“One of the best ways to get the most out of appreciated stock is to give it away. Why? Because if you sell the stock, you will have to pay a 20 percent capital gains tax on any appreciated value. But if you give away that stock to a qualified non-profit, you could be able to deduct the full value of the stock.”
MinistryWatch.com, Warren Cole Smith, December 28, 2020
To learn more about this valuable financial strategy and read the full article, click here.
Orange County Rescue Mission is qualified to receive stock donations! Contact Anna Song at anna.song@rescuemission.org, or click to our website at www.RescueMission.org/stock/.
