You can choose to make a special ‘planned gift’ during your lifetime or through your estate in support of entire projects that will enable us to help even more communities. A planned gift refers to charitable gifts that require some planning before they are made. These gift vehicles can provide valuable tax benefits and/or income for life. Whether you choose to name Global Paint for Charity as a beneficiary or create annuities or trusts, your generosity will continue to make a difference, change lives and transform communities for years to come.
The most common gift is made by an outright gift of cash; however, there are other ways to make a charitable gift:
A gift using appreciated securities is an excellent way to maximize a charitable contribution. You may take a tax deduction for the stock’s market value even though the cost basis may be much less. In making a stock gift to Global Paint for Charity, you also avoid capital gains tax if you have owned the securities for more than one year.
The most popular way of making a stock gift is by electronic transfer of the securities. Ask your broker to notify us by telephone, fax or letter that a gift is being electronically transferred into our account. Or, you may call us toll free at 855-853-7772. This will help us identify you as the donor and provide you with a receipt for tax purposes. Through careful planning, you can provide a meaningful charitable gift and at the same time enhance your future financial well-being.
Should you sell the stock and give Global Paint for Charity the proceeds, you will not avoid capital gains on appreciated securities. However, you may benefit from a capital gains loss if the stock has decreased in price.
For more information about how to properly record your stock donations, please contact us at firstname.lastname@example.org or call us today at (855) 853-7772.