When you donate the stock or mutual fund shares that you held for more than one year to Vascular Cures, you'll receive an array of benefits, including:
- 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 eliminate 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 Vascular Cures.
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.
The present tax laws for donating stock create a WIN-WIN situation. Donors of stock to Vascular Cures receive significant tax advantages, and Vascular Cures 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 Vascular Cures, please contact us at 650-368-6022. We will outline what procedures to follow to ensure the proper accounting for and administration of a donation of securities.
Note: Vascular Cures's tax ID number is 94-2825216.