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The best stocks to donate are those that have increased greatly in value, particularly those producing a low yield. Even if it is stock you wish to keep in your portfolio, by giving us the stock and using cash to buy the same stock through your broker, you will have received the same income tax deduction but will have a new, higher basis in the stock. You can donate a life insurance policy to us or simply name us as the beneficiary. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary.
For more information, please contact Kristen Canter, You Can Make a Difference in the Lives of Older Adults |
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St.
Andrew's Resources for Seniors Charitable Fund Home | About St. Andrew's | Communities | At-Home Services | Management Services | Eldercare & Caregiver Resource Center | Charitable Fund |
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Gifts of Appreciated Assets