Giving the gift of appreciated stock is a great way of blessing our home repair work.
Charitable Gifts of Stock
Giving the gift of appreciated stock that has been held at least one year is a great way of blessing our home repair work while giving you, the donor, a wonderful and impactful gift. If your stock has a basis of $500, but has appreciated to $1,000, you will owe capital gains tax on the $500 increase in value. In contrast, if you gift the stock to Good Neighbors (or any other non-profit), the capital gains tax is avoided and the entire amount of $1,000 is a deductible gift
Below is a link to the procedure which is as simple as giving your broker the DTC number (0226) and our account number (AAU030528) and having them transfer the shares that you desire to give.
Thank you in advance for your generosity in helping us restore hope by repairing homes.