Donating Stock:
Are you interested in making a charitable gift to Rewarding Potential Scholarship that may yield meaningful tax benefits and savings? If so, a gift of an appreciated stock, bond, ETF, or mutual fund may be a great option for you.
How does it work? A stock purchased more than one year ago for $10,000, which has appreciated to $25,000 today, would trigger $2,250 in capital gains tax if sold ($15,000 X .15 capital gains tax rate). On the other hand, donating the stocks to RPS would generate a $25,000 income tax charitable deduction, and $0 capital gains tax.
You can read additional information on Fidelity’s Charitable Giving site.
As always, we recommend that you consult a tax professional with any specific questions.
How to Donate Stock:
This document provides all of the details:

