GIFTS OF STOCK, BONDS, & MUTUAL FUNDS

The Salvation Army is grateful for all of the resources we receive from the community. For many of our partners, giving a gift of stock is a great option. It’s beneficial to the person that gives and to The Salvation Army. These gifts are not only helpful to our partners because of the potential tax benefits, but also because of the way that an initial investment can be multiplied into greater impact in the community. For The Salvation Army, we receive a greater proportion of the proceeds from these gifts and that translates directly into more changed lives. More children. More families. When you give stock, it makes a real difference.

Since The Salvation Army is a recognized 501(c)(3) not-for-profit organization, there are numerous benefits to making your gifts of stocks, bonds, or mutual funds. For instance, if you have owned the stocks, bonds, or mutual funds for more than one year, you can claim an immediate charitable income tax deduction for the fair market value up to 30% of your adjusted gross income in the year you make the gift. Any unused deduction amounts may be used to help reduce taxes in up to five upcoming tax years.

By giving appreciated stocks, bonds, or mutual funds, you also bypass the capital gain that would normally be taxable if you were to sell. These types of gifts allow you to use “paper profits” to help offset and reduce your federal and state taxes. Appreciated securities are also ideal for establishing charitable income-producing gifts and charitable trusts.

For more information, please contact Chris Head, Divisional Resource Development Director, at Chris.Head@uss.salvationarmy.org or (502) 357-8517.