STOCKS OR BONDS
Giving stocks or bonds to The Salvation Army in Fairfield County may provide you with powerful tax benefits. If you have owned securities for more than one year and the fair market value has increased since you purchased them, you can avoid capital gains tax and receive a charitable gift income tax deduction equal to the fair market value.
A gift of real estate that has been held for more than a year also has the advantage of providing you with a charitable deduction based on the current fair market value, as well as bypassing capital gains tax on the appreciation.
For more information, please contact The Salvation Army's Planned Giving department in Cincinnati, which provides support to Fairfield County at (513) 762-5600