Stock & Securities Donations
Choosing to make a donation to Clovernook Center with your existing securities/stocks will help fund the important work that our rehabilitation specialists do for our consumers, as well as ensuring that job opportunities remain strong for our employees who are blind or visually impaired.
Making gifts of stocks, bonds, and/or mutual funds can be a win-win for both you and Clovernook Center. It can bring you extra tax savings. When making such a gift, always consider what the securities originally cost in relation to what they are worth today.
When securities have increased in value, you should normally give them directly rather than sell them and give from the proceeds. In other words, a transfer directly from your account to Clovernook Center will result in tax deductibility at full fair market value, not just the original cost…a real benefit to you. However, if the value of the stock has decreased, the best benefit to you would be to sell the security and make a gift of any amount you choose based on the proceeds.
Another great benefit is that you can bypass capital gains tax that would otherwise be due if the donated securities were sold. Gift of securities are deductible in amounts up to 30% of aggregate gross income (AGI) and are irrevocable.
It is highly recommended you consult with your tax or legal advisor prior to making a major gift.
Call or eMail for an easy and fast process to gift Clovernook Center through securities/stocks. 513-728-6274 or email@example.com.
Clovernook Center for Blind and Visually Impaired's website has been designed to be as accessible as possible to all website visitors. As such this website has been created to be accessible to those with varying degrees of visual impairment and has been found to be compliant using the former Watchfire WebXact and Bobby systems. This site strives to be accessible to all, if you have found content that you are having difficulty accessing, please contact us at firstname.lastname@example.org and we will address the issue.