Stock Gifts and IRA Distributions
Making a gift of stock to COCA is a great way to make a charitable contribution that benefits you in three significant ways. When you donate publicly traded stocks to COCA that have been held for more than one year, you may avoid paying capital gains taxes. Second, your charitable income tax deduction is equal to the full fair market value of the gift on your income taxes. Third, you may potentially even save costs by not incurring brokerage fees since you are transferring ownership of the stocks rather than selling them.
If you would like to invest in COCA by donating stock, please contact our Executive Director, Patrice Hauptman. Patrice can be reached at firstname.lastname@example.org or by phone at 303-506-7014.
Did you know you can now make donations from your IRA? The Qualified Charitable Distribution (QCD) is a tax-savvy way to make charitable gifts. For individuals 70 ½ years and over, a QCD is a direct transfer of funds from your IRA to a qualified charity. This option offers specific advantages in the following situations if you
- Do not itemize your deductions
- Would like to support COCA without reducing available cash on hand
- Would like to donate your Required Minimum Distribution (instead of taking a taxable IRA distribution)
- Cannot claim additional charitable gifts on your tax returns
Regardless of how you choose to support our organization, please know that COCA is deeply grateful for every gift and we truly appreciate your commitment to our mission!