Why give stock?
In addition to supporting your community’s not-for-profit healthcare system, you are provided considerable tax benefits, including:
- A charitable tax deduction equal to the fair market value of the stock at the time of your gift.
- Avoidance of the capital gains tax on the increase in value.
If your stock is held electronically with your broker, send your broker instructions to transfer (not sell) shares of specific stock(s) to the Centra Foundation’s main brokerage account.