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Donating Stock to the DataCenter
Donating stock or mutual fund shares to the
DataCenter is very easy and can bring you significant tax
savings.
Possible tax benefits
The benefits available to you when making a donation of stock
include:
- Avoiding federal and state tax on the capital
gain
- Receiving an income tax deduction for the full market
value of your gift if you itemize deductions on your tax
return and have held the assets one year or longer.
- Making a larger gift at a lower original cost to you.
Please let us know when you are making such
a gift to the DataCenter. That way, we can:
1. Credit your gift to the particular purpose
that you wish, such as to our Endowment
Fund.
2. Redeem your shares promptly to secure the gift value
you seek.
3. Send you a prompt thank you letter that you will need
to satisfy IRS requirements for a tax deduction.
If you are making a gift of stock or have questions
about it, please contact Fred Goff, President, at (510) 835-4692
x304 or fgoff@datacenter.org.
Please consult your financial advisor
for more details.
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