Alumni and friends in the stock market, have your holdings increased their value in the past year or two? Donating appreciated shares directly to Olney Friends School is one of the most tax-savvy ways to support the next generation of environmental and social-justice advocates.
A few reasons why:
- -If you donate stock that has appreciated for a year or more, you will avoid capital gains taxes and will give 20% more than if you sold it and donated the proceeds.
- You can potentially reduce future capital gains by replacing the donated shares with new ones to reset your cost basis at the current (higher) price, which reduces future tax exposure if that stock continues to grow.
- It’s easy to do! Email development@www.olneyfriends.org for simple, broker-to-broker transfer instructions.
