There are a number of ways to support the work of the Aqua Foundation for Women and be a major contributor to help accomplish our initiatives, foster philanthropy and build the LBT community.
If you own stock or mutual funds, it may be more feasible to contribute these shares than a gift consisting of cash. This is because a gift of appreciated stock or mutual funds generally provides you a two-fold tax advantage. First, you avoid paying capital gains tax on the increase in the value of the stock or mutual funds. Second, you receive a federal income tax deduction for the full fair market value of the stock or mutual funds at the time of the gift.
For example, if you purchased some stock many years ago for only $1,000, and now it is worth $10,000, an outright gift of this stock to the Aqua Foundation for Women would result in a charitable contribution deduction of $10,000. In addition, there would be no tax on the $9,000 appreciation in value.
Gifts of appreciated stock or mutual funds are fully deductible up to a maximum of 30% of your adjusted gross income. For example, if your adjusted gross income for the year is $100,000, up to $30,000 of long-term appreciated stock and other property gifts may be deducted for that year. Any excess can generally be carried forward and deducted over as many as five subsequent years.
It’s easy to make a stock or mutual fund gift to the Aqua Foundation for Women:
Your gift of stock or mutual fund shares must be received by the Aqua Foundation for Women’s accounting department by December 31 to count as a tax deduction for that year.
Please note that this information should not be construed as legal or tax advice.
Please contact your own accountant, attorney, or tax adviser for assistance regarding stock or mutual fund gifts you may be considering making to the Aqua Foundation for Women.
For questions please email email@example.com.