Donations of stock can be a benefit to you, as well as to The Salvation Army. An outright gift of long-term securities (owned more than one year) to The Salvation Army is free of capital gains tax, no matter how much their value may have risen. Therefore, it is better to donate appreciated long-term stock outright than to sell it yourself and then donate the money to charity, in which case you would be responsible for the capital gains tax. A gift of stock also allows you to remove the appreciated asset from your taxable estate.
Learn more or make a stock gift by contacting Albert DeCesaris, Regional Resource Development Director, at 202-904-5118 or at Albert.Decesaris@uss.salvationarmy.org.