A tax savvy way to support the VNA & Hospice Foundation
Every day, people of all ages use the services provided by the VNA. When you give a gift to the VNA & Hospice Foundation, you are helping us provide compassionate, innovative care of the highest quality, setting the standard for patients and caregivers needing home health, hospice, and community health services. The VNA extends this care to the uninsured and underinsured in our community, ensuring healthcare equity for all.
A donation of appreciated stock may offer you significant tax benefits. Contributions of appreciated securities held for more than one year are generally tax-deductible at market value, regardless of what you paid for the securities. This may provide you with capital gains savings as well as a charitable income tax deduction. It is important to transfer the stock directly to the VNA & Hospice Foundation to take advantage of the tax incentives associated with making this type of gift.
Consider this strategy: Let’s say you were originally going to donate $10,000 from your personal account; instead, you choose to donate $10,000 in appreciated stock directly to the VNA & Hospice Foundation. Then you reinvest the $10,000 from your personal account back into your portfolio to maintain the same level of investment, but in doing so you were able to increase your stock basis, avoid capital gains tax AND support the VNA & Hospice Foundation for a win, win, win!
Donating appreciated stock is one of many options that can help reduce tax liabilities while supporting the wonderful programs the VNA has to offer; click here to learn more about these programs. We encourage you to talk with your financial/tax advisors to see what the best strategy for you would be.
Donating Appreciated Securities: Executing a gift of stock is simple. The transfer of securities from your brokerage account to the VNA & Hospice Foundation is accomplished via the Depository Trust Company (DTC).
For more information about transferring stock, including account information to initiate a transfer, please contact Maurika Reed, Charitable Gift Planner, at firstname.lastname@example.org or at (772) 978-5574.
If you would like to electronically begin a stock transfer to the VNA without going through a broker, you can do so through our donatestock.com page. Click here to learn more.