Donating Long-Term Appreciated Property
A gift of long-term appreciated assets can be highly beneficial for both you and Easterseals-Goodwill Northern Rocky Mountain. Common examples include publicly traded securities, real estate, and personal property. By donating appreciated assets such as these, you may enjoy several advantages:
- Immediate Tax Deduction: In the year of your gift, you may claim an income tax charitable deduction for the fair market value of your gift, subject to IRS limitations. You can carry forward any unused deduction for up to five additional years.
- Avoid Capital Gains Tax: By donating appreciated property, you may avoid capital gains tax on the appreciation, reducing the cost of your gift.
- Estate Tax Benefits: A gift of appreciated assets may reduce your estate size, potentially lowering the tax on your estate.
- Immediate Impact on Easterseals-Goodwill Northern Rocky Mountain’s Mission: Your contribution will have an immediate and lasting impact on Easterseals-Goodwill Northern Rocky Mountain and its mission.
Giving Stocks, Securities, and Mutual Funds
When you donate appreciated stocks, bonds, and mutual funds, you can avoid taxes on your capital gains while also taking an income tax deduction for the fair market value of the shares. To maximize these benefits, the IRS requires:
- Holding Period: You must have owned the asset for over one year.
- Direct Transfer to Easterseals-Goodwill Northern Rocky Mountain: Instead of selling the shares and giving the proceeds, transfer the shares directly to Easterseals-Goodwill Northern Rocky Mountain to avoid capital gains taxes. As a tax-exempt organization, Easterseals-Goodwill Northern Rocky Mountain will not owe taxes when it sells these shares.
Please inform us once you’ve instructed your broker to transfer the shares so we can coordinate accordingly.
Real Estate Donations
You can donate real estate to Easterseals-Goodwill Northern Rocky Mountain. Contact us to learn more about thins giving option.
Donating Personal Property
You may also donate valuable tangible property, such as artwork, antiques, or vehicles. For more information on giving personal property, please contact us.
Consult with Your Advisors
We encourage you to speak with your financial and tax advisors before making a gift. The IRS offers tax incentives for charitable giving, enabling you to support a cause you value while potentially reducing your tax burden.
Thank you for considering a generous gift to help sustain Easterseals-Goodwill Northern Rocky Mountain.
How Your Gift Helps
Your gifts to Easterseals-Goodwill help create independence, making a profound difference in the lives of the people we serve. It will provide Easterseals-Goodwill with the resources to…
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| Provide adults with disabilities the opportunity to learn life skills to be as independent as possible | Give children and teens with disabilities like autism the chance to thrive in the world | Give people the pride of a paycheck through work opportunities. |
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Want to see some of the best collectibles, antiques and other finds without leaving home? Check out our Goodwill® online sales.
If you’re unsure whether your item qualifies for a tax deduction, then consider this: if you would give it to a relative or friend, then the item is most likely in good condition and is appropriate to donate. For a guide to help with values check out these IRS Donation Guidelines.