Cash Gifts or Stock Transfers

Cash or Cash Equivalent

A gift of cash is the simplest way to give. Cash gifts may be given as: (1) a one-time payment, (2) a pledge to be fulfilled at a later date or over a specified period of time (e.g. monthly, quarterly, semi-annually and annually) or (3) a recurring (continuous) gift given at regular intervals (e.g. monthly, quarterly, semi-annually and annually) without an end date.  Payment options include check or other cash equivalent, including credit/debit card charges, electronic fund transfers and physical delivery of cash.

Gifts of Marketable Securities (Stocks - Mutual Funds)

Transferring a gift of long-term appreciated stocks, those owned for more than one year, can provide significant tax advantages by allowing you to deduct the fair market value while paying no capital gain tax.  Today, most stock transfers are easily made electronically from your broker account to the Relevant Radio account.  Please contact Preston Allex at  1-877-291-0123 ext 7339  if you would like to know more.

Selling your stocks first and donating the proceeds may cause you to miss out on these tax benefits. Selling depreciated stock and donating the proceeds may also be tax advantageous to some, since you can generally claim the reduced value as a “loss” in your tax filing, in addition to the income deduction for the cash proceeds. We highly recommend you seek the guidance of a professional financial planner/advisor, attorney or accountant to determine the arrangements that best serve your financial needs and philanthropic goals.

Whether you are electronically transferring stock, mailing a stock certificate or giving a mutual fund gift, please notify us.  Knowledge of your gift allows us to track its progress, assign your gift correctly and provide you with an acknowledgement letter for your tax records.