Your gift of stock will make an impact for kids in foster care and it can offer two ways to save on your taxes. As long as you have owned the stock for more than one year, you can generally receive an income tax charitable deduction for the full fair market value of the stock at the time of the gift (up to 30% of your adjusted gross income), and you avoid paying any capital gains tax on the increase. Giving securities frees up cash and can help diversify investments.
When you itemize your tax deductions, charitable gifts may be used to eliminate federal income tax on up to half of your adjusted gross income. The higher your tax rate, the more your gifts will save you. Any unused deductions may be carried over in as many as five future years.
Making a gift of stock to Treehouse is easy! Before you transfer stock, please contact our Development team at firstname.lastname@example.org or 206.267.5116 and let us know about your planned stock transfer.
This information is essential to correctly processing your gift. If we receive an unidentified stock transfer, the stock may be refused and returned to the originating broker.
Please provide the following information to your broker:
Broker: BNY Mellon
D.T.C. Participant #: 8275 / Mellon
Ref: Treehouse Sub Account / 10380276630
Broker Name: Brent Reys, 206-664-8802
Each year, thousands of people contribute to making the Wearhouse, our free store for youth and families, a clean, organized, and pleasant place to shop for youth in foster care and their families. We’d like to introduce you to two of these committed volunteers, Karisse Hendrick and her 11-year-old daughter, Jordyn.
During National Foster Care Month, we’ve made it easy for you to encourage your online networks to learn more about youth in foster care and join Treehouse in supporting them.