The stock market has hit new highs! Consider renewing your Center membership with a gift of stock. For more information, contact Suzanne Guss at (502) 562-0799 or by email.
If you have owned a stock more than 1 year, you can take advantage of the increase in value by contributing it to the Kentucky Center. You can apply the gift toward your Center membership or as a donation to other Center statewide programs.
A stock that has done well in this market is to be celebrated. The downside is that when it is sold, the federal government will levy a capital gains tax on your profit. You can avoid this tax by making a gift of the stock to the Center.
Your gift will be based on the value at the time you donate it, not the value at the time you paid for it. Any portion of your charitable deduction that you can’t use this year can be rolled over into next year, for up to five additional years.