Now you can save on capital gains taxes
by giving a donation of appreciated stocks/securities
to support the life-saving work of RCCS.
HOW IT WORKS:
The IRS allows you to transfer your appreciated stocks, bonds or mutual funds (held for more than one year) to RCCS without recognizing capital gains on that appreciation.
For example, if you made a purchase of a stock at $3,000, and now it’s selling at $5,000, if you sold it, you would be liable for a $2,000 capital gains tax. But if you donated it to RCCS, RCCS would receive the full $5,000 and you would not incur any capital gains tax, while still receiving the full $5,000 tax deduction. RCCS then sells your securities donation to be used for its life-saving programs in the USA and Israel.
YOUR BENEFITS:
- You receive a full income tax deduction for the market value of the securities on the date of transfer, no matter what you originally paid for them.
- You pay ZERO capital gains on the transfer.
- RCCS will immediately benefit from this donation to be used for cancer-stricken patients in need.
TO REVIEW:
Giving appreciated securities is a tax-wise way to support RCCS. For securities held longer than one year, you can deduct their full fair market value, regardless of what you originally paid for them. You also avoid paying capital gains tax. It’s a win-win situation!
To make a donation or for any questions, please contact us using the form below.