Donating stock to Reading Power has its benefits
If you have owned a stock for more than one year, and its value has increased over time, it is beneficial to donate it to your favorite nonprofit. You can take the current value as a charitable deduction and you will not have to pay tax on the appreciation. If you would like to give stock to Reading Power, contact your brokerage firm and share the Stock Donation form found by clicking on “Donate Stock” below.
If you have questions, contact Director of Development, Barrett Erker, firstname.lastname@example.org.
Reading Power is a nonprofit, tax exempt 501(c)(3) organization,
EIN: 20-2916846. All contributions are tax deductible.
Donating appreciated stock holdings is a win/win. You get to contribute to a good cause like Reading Power and at the same time avoid capital gains taxation."
-Steve Alley, donor and investment advisor