The best stocks to contribute are those that have appreciated greatly in value. Such gifts may provide a double tax benefit. You may receive a charitable income tax deduction for the full fair-market value of the property and may not pay any potential tax on the capital-gain element of the gift.
For example you might wish to give stock now valued at $25,000 that you purchased five years ago for $15,000. Your charitable contribution tax deduction for this year would be the full current fair market value of the stock, or $25,000. You also would avoid paying the capital gains tax on the $10,000 appreciated.
If you wish to give a gift of shares or stock, please provide your broker or financial adviser with this transfer information.
Acct # Z73-578568
DTC # - 0226
Amego Inc. Taxpayer Identification Number: 23-7131690
Amego, a 501 (c) (3) charitable organization, is qualified under Section 170 of the Internal Revenue Service Code to receive gifts, grants, and contributions which are deductible for United States federal income tax purposes.