Donating stocks, mutual funds, and bonds (securities) benefits you in numerous ways. First, you do not have to pay capital gains tax on donated securities. Second, you can receive a reduction on your federal income taxes that is equal to the fair market value of the securities. Finally, you gain the satisfaction of knowing that you are supporting concrete efforts to reduce toxics that disproportionately affect low-income communities and communities of color, as well as to build health and sustainable environments.
In order to receive the full deductions, you must have held the gifted securities for more than one year.
For more information on donating securities to CBE, please contact Kristin Urquiza, Development Director, at 510-302-0430 ext.17.