Give a gift, receive a tax benefit.
About Giving Stock
It is very easy to transfer stocks as a gift to Meals on Wheels San Diego County. The IRS allows you to make a transfer of appreciated stock to a non-profit organization without recognizing capital gains on the appreciation. You must use publicly-traded stocks, bonds or mutual fund shares and you must have held these for more than one year. This allows you to not only make a gift to Meals on Wheels, but receive an additional tax benefit. In essence, you can make a larger donation than you could make with cash and receive a larger tax benefit.
What to do
Benefits to You
A gift of appreciated securities may be right for you if:
Stock and wire transfer instructions
Gift of appreciated stock:
Agents Bank ID 26645
Domestic Wire Transfer:
Recipient Institution: Union Bank
Account Name: Business Extra Checking
Address: North Park 0604, PO Box 512380, Los Angeles, CA 90051-0380