Donating a highly appreciated asset may allow you to avoid a significant portion of your tax liability while still receiving a charitable deduction.
The gift of an appreciated asset is a powerful way to support Planned Parenthood's work. While this giving strategy has many obvious benefits, no doubt the most important is the satisfaction of knowing that your support helps advance reproductive and sexual health information.
Benefits You Receive from Your Gift of Stock
Your gift of securities will entitle you to a federal income tax charitable deduction when you itemize your tax returns. And in the case of appreciated securities, you may deduct the full fair market value of your gift once you have held onto the securities for at least one year. You may use your deduction up to 30% of your adjusted gross income and are permitted to carry any unused deduction forward for up to five additional years.
In addition, you will avoid paying capital gains tax on all stock that you chose to donate to Planned Parenthood of Indiana and Kentucky.
How Can I Make a Gift of Stock?
By taking advantage of a highly appreciated stock market, savvy donors can support their favorite charity with a larger gift that will cost them less and reduce their capital gains and income taxes. If you would like to take advantage of this opportunity to help Planned Parenthood while saving tax dollars, please consider making a gift of appreciated stock.
Ask your broker to transfer the shares you wish to donate to:
Park One West
250 W. 96th Street, 3rd Floor
Indianapolis, IN 46260
Phone: (317) 634-6563, Fax: (317) 634-1083
DTC # is 0141, Account # is 6614-6921
Call the Development Department at (317) 637-4379 to let us know to expect a stock transfer. (Otherwise, we may receive the stock without knowing who donated it!) We will recognize you accordingly and send you a tax receipt. For tax purposes, your gift will be recognized the day of the transfer.
If you hold the physical securities, you can directly mail or hand deliver the certificate(s) without any endorsement or assignment to:
Legal Name: Planned Parenthood of Indiana and Kentucky, Inc.
Address: 200 S. Meridian Street
Indianapolis, IN 46225