Consider supporting Interfaith Works by donating appreciated stock as part of your financial strategy. You’ll be helping people lift themselves out of poverty, with some benefits for you too.

Thank you to our friends at Chevy Chase Trust investment advisors for providing this guidance:

Get a dual tax benefit while helping your favorite charity. When you donate appreciated stock, you can deduct the full market value of the security (subject to phase-outs and limits) without recognizing any of the built-in gains. For example, if you donate a stock that was purchased at $30 and is now worth $80, you can deduct the full $80 and don’t have to pay capital gains tax on the $50 appreciation.

Questions? Contact IW’s Lynn Arndt, larndt@iworksmc.org.