why should i donate stock instead of cash?
Donating securities that have been held for a year or more offers the potential for a double tax benefit - a full fair market value tax deduction and elimination of capital gains taxes. Click the 'Donate Stock To' button above to make a stock contribution to the Foundation through stockdonator.com.
what is the AGI limit for donating stocks?
Under the Internal Revenue Code, deductions for charitable contributions are subject to certain "percentage limitations" that limit the deductions that can be taken to a stated percentage of adjusted gross income (AGI) in the year the deduction is taken. (Contributions in excess of these percentage limitations may be carried forward up to five subsequent years.) Because the Jeffco Schools Foundation is a 501(c)(3) public charity that sponsors a donor-advised fund program, the percentage limitations that apply are generally the most favorable charitable deductions available under IRS rules.
Deductions for contributions of long-term capital gain property (such as appreciated securities held for more than one year) are limited to 30% of AGI.
Deductions for all other contributions (including contributions of cash) are limited to 60% of AGI.
Your ability to take itemized deductions may be subject to certain other limitations. Please contact your tax advisor to determine your tax deductibility limits.
Deductions for contributions of long-term capital gain property (such as appreciated securities held for more than one year) are limited to 30% of AGI.
Deductions for all other contributions (including contributions of cash) are limited to 60% of AGI.
Your ability to take itemized deductions may be subject to certain other limitations. Please contact your tax advisor to determine your tax deductibility limits.
