You may quickly and easily make a gift to Goodwill by transferring appreciated securities such as stocks, bonds, or mutual funds. In addition to making an important contribution to Goodwill's mission, you receive the added benefit of an income-tax deduction for the fair market value of the securities and avoid tax due on the capital gain.
You should only donate securities that have been held for one year or more and have appreciated in value. If securities have depreciated in value, it is better to sell the asset, deduct the capital loss on your income tax return, and donate cash to Goodwill.
All of your donations are charitable and can be claimed as tax exemptions.
The above information is not intended as financial or legal advice. Please consult your attorney and financial planner as to which vehicle best fits your financial circumstances as well as your tax and charitable objectives.
Emma is wearing a Mudd T-shirt ($2), Lei jean capris ($3), Aeropostale hoodie ($7.99), purse ($2.50) and shoes ($1.99). Total cost for her ensemble: $17.48