Contribute to CCT!

Stocks or other Appreciated Assets

If you're thinking about donating to Chatham County Together, consider giving shares of stock or other appreciated assets in lieu of cash.

WHY? When you give an appreciated asset, such as stock or mutual funds, neither you nor the charity must pay capital gains taxes. In addition to the capital gains tax savings, you also receive a tax deduction for your donation if you itemize. Donations of cash provide the deduction, but carry no tax savings with respect to the capital gains.

Donating appreciated assets is often an overlooked part of tax planning and can often be an integral part of your financial plan. IRS Publications 526 and 561 provide further information regarding charitable contributions, or you can contact your tax or investment advisor.

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