Receive a Tax Deduction for Using These as Gifts.
Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to Cape Ann Animal Aid. Making a gift of securities or mutual funds offers you the chance to support our efforts in saving homeless animals while realizing benefits for yourself.
When you donate appreciated securities or mutual funds you have held more than one year to us in support of animals, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
When you donate appreciated securities or mutual funds you have held more than one year to us in support of animals, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Securities are most often used to support Cape Ann Animal Aid in the form of:
- An outright gift. When you donate securities to CAAA, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
- A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime.
Cape Ann Animal Aid is a registered 501(c)3 nonprofit organization and all contributions are tax-deductible as allowed by law. (EIN 04-2374914). We do not share information about our donors with any other group, company, or organization.
