Outright Gifts of Cash, Stock and SecuritiesGifts of CashMost outright gifts to Tanasi Council are made by check, payable to Girls Scouts of Tanasi Council, Inc. If you itemize, cash gifts are generally deductible up to 50 percent of your adjusted gross income. Example: If your adjusted gross income is $50,000, up to $25,000 of your charitable gift is deductible in the year of the gift. Please consider the level of investment you would like to make and complete one of the forms below:
Gifts of Stocks and SecuritiesTax Benefits
A gift of stock, or other appreciated property, can be a great charitable contribution due to the double tax benefit. You save both income tax and capital gains tax when you donate appreciated stocks, real estate or other property held for at least a year and a day. Example: If you purchased stock several years ago for $1,000, and it is now worth $10,000, an outright gift of stock to Tanasi Council would result in a charitable deduction of $10,000. In addition, there is no capital gains tax due on the $9,000 appreciation in value. You can make a gift of stock to Girl Scouts two ways:1. Inform your broker or banker that you wish to donate stock funds to Girl Scouts of Tanasi Council. Your broker/banker should contact our Development Office, 865.688.9440, to transmit the details of the gift. Please contact us before all transfers so that we may accurately record and acknowledge your gift. The transfer is handled by your broker/banker and our Development Office. 2. You may mail the stock certificate registered in your name to Girl Scouts of Tanasi Council. Either endorse the back of the certificate or sign an accompany Stock Power. Enclose a dated letter which identifies the stock and includes your signature exactly as it appears on the certificate. Send the certificate and stock power (if using form) by certified mail in separate envelopes to: Girl Scouts Of Tanasi Council, Inc.Development Office 1600 Breda Drive Knoxville , TN 37918 |
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