Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide better tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save on brokerage fees because you are transferring ownership rather than selling the stock.
For stock held in brokerage accounts, your broker can assist you in making a gift of stock via a direct transfer to CCNW (tax ID# 13-3716471), please share the following information with your broker:
We ask that you email Development Manager, Tracy Kaufman, with your intent to make a gift of stock to the Community Center of Northern Westchester to ensure that your generous gift is processed accurately and that you receive your tax-acknowledgment letter.
THANK YOU AGAIN FOR CONSIDERING THE COMMUNITY CENTER OF NORTHERN WESTCHESTER AS THE RECIPIENT OF YOUR CHARITABLE GIFT.
Please Note: For mutual fund gifts, or for gifts of stock not held in a brokerage account, please contact Jim Polos or John Hummel, contact info listed above.
CCNW is closed Saturday, Oct. 12th for Columbus Day/Indigenous Peoples' Day. Please save donations until we reopen on Tuesday, Oct. 15th.