By donating the stock (or mutual fund shares) that you held for more than one year to VascularCures, you receive the following benefits:
- You are entitled to a charitable income tax deduction for the fair market value of the gifted securities as of the date of the gift.
- You can eliminated the capital gains tax that you would have incurred if you sold the appreciated securities on the open market and then donated the proceeds to VascularCures
- You can claim your charitable deduction against up to 30% of your adjusted gross income, and you can carry forward any unused deduction over the next 5 years.
In short, the present tax laws create a WIN-WIN situation. Donors of stock to VascularCures receive significant tax advantages, and VascularCures receives essential support for urgent research work. Stock donations made prior to December 31 will qualify as current year income tax deductions. Please consult your financial advisor before giving a charitable gift.
Before making a donation of securities to VascularCures, please contact VascularCures at 650-952-6022. We will outline what procedures to follow to ensure the proper accounting for and administration of a donation of securities.
Note: VascularCures - The Foundation for Accelerated Vascular Research's tax ID number is 94-2825216.
