Gifts of securities can be made to The Ark during your lifetime or through your will. Gifting appreciated stock and mutual funds is one of the most effective means of tax savings available. The benefits of gifting appreciated stock include:
- The satisfaction of knowing your money is invested in The Ark, a cause important to you.
- You will avoid capital gains taxes on the appreciated stock during your lifetime.
- You will be eligible to receive an income tax charitable deduction for the full fair-market-value of the stock at the time of the gift.
- To qualify for these special tax advantages, the security must have been held for at least one year.
Making a gift of securities or mutual funds to The Ark offers you the chance to support The Ark’s future while realizing important benefits for yourself and your family.
When you donate securities to The Ark, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
To get the information about giftings stock or mutual funds, call Deb Kern, Development Director, at (734) 761-1800, ext. 125.