APPRECIATED GIFTS OF STOCK

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When you donate appreciated stock (shares you’ve owned for more than one year that have increased in value), you receive a double tax benefit:

· Avoid Capital Gains Tax: You do not have to pay the capital gains tax you would owe if you sold the stock yourself.

· Full Deduction: You can typically deduct the full fair market value of the stock at the time of the donation from your income taxes.

Because you avoid the capital gains tax (which can be up to 20% or more), you can often afford to give more.  Example: If you bought stock for $2,000 that is now worth $10,000, selling it might leave you with only $8,400 after taxes to donate. By donating the shares directly, JSHC receives the full $10,000, and you get a $10,000 tax deduction.

To receive the maximum tax benefit, you must have held the stock for at least one year and one day. If you have held it for less than a year, your deduction is usually limited to the original cost basis (what you paid for it) rather than its current value.

If a stock is worth less than what you paid for it, it is usually better to sell the stock first. You can then claim the capital loss on your taxes and donate the cash proceeds to JSHC to claim a charitable deduction.

Yes. The process for mutual funds can take a few days longer than individual stocks, so we recommend starting the transfer at least two weeks before any tax deadlines (like year-end).

Your broker will need our brokerage account details and DTC number. Since these details can occasionally update, please contact our development office (development@shcjax.org) to receive the most current transfer instructions.

· Legal Name: Jacksonville Speech & Hearing Center, Inc.

· Federal Tax ID (EIN): 59-0970718

For tax purposes, the value of your gift is the average of the high and low trading prices of the stock on the day it is received in our account. We will provide you with a formal acknowledgment letter stating the name of the stock and the number of shares for your tax records.

Yes. This is a strategy called "Donating and Replenishing." You can donate your appreciated shares to JSHC to wipe out the capital gains liability, and then immediately use the cash you would have donated to buy the same shares back. This "steps up" your cost basis to the current market price, saving you even more on taxes in the future.