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Donations: Gifts of Securities
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Gifts of appreciated assets enable the donor to be charitable and tax-savvy at the same time. In most cases, stock gifts provide an immediate tax deduction based on the current market value of the asset and may also help decrease or eliminate tax on the capital gain even though that "profit" is counted as part of the donor's charitable deduction.

For example, Mary bought ABC stock for $2,500 in 1990. Today the stock is worth $10,000, resulting in a long-term capital gain of $7,500. By donating the $10,000 worth of stock to The CFIDS Association of America, Mary receives a tax-deduction (usually the full fair market value of the property if owned for more than one year) and also avoids capital gains tax on the $7,500 appreciation of her stock.

To donate stocks, bonds or mutual funds, instruct your broker to transfer the securities to The CFIDS Association per the following information:

DTC Number
 


0141

Brokerage Firm

 

Wachovia Securities

Account Number

 

2114-5761

Contact

 

Bailey Bartee., 800-929-0972 or 704-442-6320


New Owner

 

The CFIDS Association of America, Inc.,
PO Box 220398, Charlotte, NC 28222-0398

Federal Tax ID

 

56-1683450

The CFIDS Association of America does not provide legal or financial advice and urges you to consult your attorney, financial planner or accountant regarding specific tax and financial implications of your charitable contributions.