>> Return to Planned Giving
Current Gifts of appreciated stocks or mutual funds offer a quick, easy and tax-efficient way to make lasting contribution to D.E.L.T.A. Rescue.
When you make a gift of stocks or other securities to D.E.L.T.A. Rescue you are eligible to take an income tax deduction of up to 30% of your adjusted gross income. Any excess can be carried over for up to 5 years. Additionally when you donate your appreciated security you will avoid the capital gains taxes you would have paid if you had sold the security outright.
For example, Mr. and Mrs. Jones purchased $2500 worth of ABC Stock in 1988. The value of that stock today is $12,500. Mr. and Mrs. Jones had been long time supporters of D.E.L.T.A. Rescue and wanted to make a lasting gift to the organization while they were alive. They gifted their stock to D.E.L.T.A. Rescue and realized a tax savings. They were able top take a $12,500 deduction on their federal income taxes, saving between $1,500 to $3,800 in taxes (depending on their tax bracket). They also avoided a capital gains tax of $750.
For more information, e-mail: deltarescueoffice@earthlink.net or call 661-269-4010
