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Donations of Stocks, Bonds or Mutual Funds
You can donate shares of stock, bonds or mutual funds
directly to Seniors in Service. This works best when you donate
shares that have appreciated in value. By donating them to Seniors in
Service, you can completely avoid the capital gains tax yet still
claim the full value as a charitable income tax deduction.
To achieve this tax benefit, you must transfer them
directly to Seniors in Service. If you sell them first, you will have
to pay the capital gains tax.
Shares of Stock
If the stock you wish to donate is held in an
investment account, it can usually be transferred directly by wire to
the Seniors in Service investment account. We can provide transfer
instructions directly to your broker.
If you wish to donate stock certificates, we can pick
them up from you, or you can mail them to us. There is a special
procedure for safely mailing stock certificates, so please call us
ahead of time.
Mutual Funds
There are several types of mutual funds, and some can
be transferred directly to our investment account. Others require us
to work directly with your mutual fund company. So that your gift can
be handled smoothly, please call us ahead of time.
If you have any questions, or if
you need assistance, please give us a call at 813-932-5228.
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