We are excited to announce that there is a new, and mutually beneficial way you can give to Citizens of the World Hollywood. Stock donations are an alternative way to give for people who own stock.
If you own stock that has appreciated over the years, you may owe capital gains tax of 15% to 20%. However, if you donate the appreciated stock to the school, you may not have to pay the capital gains tax.Furthermore, you will be able to claim the current value of the stock as a tax-deductible donation, and the school will receive the entire current value of the stock. Neither you nor the school will pay any capital gains tax on the appreciated stock.
Stock donations come with a tax incentive designed to encourage philanthropic giving. Visit these sites to learn more about stock donations:
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Avoiding capital gains tax decreases the cost of your gift by your applicable capital gains tax rate and makes donating appreciated securities the better option if you are considering whether to give cash or stock. We hope you will consider passing those savings on to CWC Hollywood. To donate stock, please complete the form on the back and submit a copy to your brokerage, and to our Senior Manager of Development, Elizabeth Alter, at firstname.lastname@example.org.