When you give a gift of publicly traded stock or bonds your charitable tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
Your financial advisor can walk you through the process of donating stocks, bonds, or real estate to help us feed our neighbors in need.
Please alert us in advance about the type of stock/securities and number of shares you plan to give, donor information will not be included with your electronic transfer. You can do so by emailing development@afac.org, or calling 703-845-8486.
AFAC is a non-profit 501(c)3 organization. AFAC's tax id number is #54-1473207.