When giving appreciated stock, you will receive donation credit for the value of the stock on the date we receive. Additionally, you do not have to pay taxes on the appreciated value. If the stock has lost value, you can also receive an enhanced tax benefit. Sell it, claim the loss on your income tax return, and receive donation credit for the cash proceeds that you give to SouthBrook. In either case, please contact your tax advisor as these enhanced tax benefits may not be applicable in some situations.
Before initiating any stock donation, please notify Jarod Christman, our Finance Director, that this transaction will be taking place.
To give a year-end gift, all transactions must be initiated by the first week of December. The IRS requires all checks to be postmarked by Dec. 31.