More Ways to Give
Cameron House donors may wish to honor or memorialize a family member or loved one. We list the names of those being honored or memorialized in our year end newsletter CURRENT along with the names of those making the donations. Click here to donate today.
Instead of cash donations to Cameron House, how about gifting stocks? If you have stocks that you’ve owned for at least one year – and they’ve appreciated in value – you can help Cameron House while reaping some wonderful benefits!
Here’s how it works:
If you gift cash, e.g. $5,000, you will only be able to get a $5,000 itemized deduction on your taxes.
However, if you gift $5,000 worth of stocks, you will get a $5,000 itemized tax deduction and you will avoid paying capital gains tax on that stock!
For example:
Let’s say you have 59 shares of Facebook stock that you purchased in January of 2015. If the current market value of Facebook stock is $175 per share, but you purchased them for $80, the appreciated value would be $95 per share (or $5,605 for 59 shares).
By gifting your 59 shares to Cameron House, you would not only get a $5,605 itemized tax deduction, you would also avoid paying $1,362 in Federal Long Term Capital Gains tax (15%) and State tax (9.30%)! ($5,605 x 24.30% = $1,326)
The above example has been prepared for informational purposes only and is not intended to provide – and should not be relied on for – tax, legal, or accounting advice. Please consult your tax, legal, or accounting advisor before engaging in any transactions.
If you have any questions, please call or email Bill Vigna (415.781.0401 x138 or bill@cameronhouse.org).
Donate Your Appreciated Stocks to Cameron House Today!
Do you have specific skills that might benefit Cameron House? Do you have items ready for donation? We’re happy to discuss how your offerings might fit the needs of our agency and community! Contact Joshua Chau at donate@cameronhouse.org to start the conversation!
Support Cameron House while you shop; it’s a great combination! AmazonSmile will donate a percentage of your purchase to Cameron House. More info here.
If you’d like to learn more about Cameron House, please contact us at: (415) 781-0401 or info@cameronhouse.org.