Stocks & Mutual Fund Donations
Did you know that you can also donate to Carolina Thread Trail by giving gifts of stocks, bonds or mutual funds?
Donations of appreciated stocks, bonds and mutual funds may offer tax advantages. Transferring securities rather than selling allows you to avoid capital gains taxes, while also potentially receiving an income tax deduction for the fair market value of the asset. As a tax-exempt charitable organization the Thread Trail will not be responsible for paying capital gains tax, and will benefit from the fair market value of your gift.
You can make a gift by transferring securities directly from your brokerage account. The FFTC Asset Delivery Instructions document has all the information you will need to make the transfer.
Please note that the Thread Trail’s policy is to sell all securities upon receipt. The receipt value of your donation will be based on the stock price on the date it is received into our account.
If you have any questions or need assistance please contact:
Phone: 704.342.3330 (ext. 2221)