A benefit of participation with a non-profit organization like the A.R.E. of New York is that we can provide it with financial support while benefiting from a deduction on personal taxes. It’s a way of putting your money where your heart is—and getting the Internal Revenue Service to facilitate the gift!
The win for the donor of contributing stocks that have gone up in value is that the donor receives a tax deduction for the full current value of the stock. The alternative is to sell the stock, pay tax on the income—and any subsequent donation would be less beneficial to both parties.
So we have established a brokerage account to receive donations of appreciated stock. Those who wish to donate stocks or bonds to support the Edgar Cayce Center can now take full advantage of the associated tax deductions! To do so, please contact our new Treasurer Betty DeCandia at [bmoore4718@aol.com] for detailed information. Thank you!
