As we approach Thanksgiving, please know that Way to Grow is counting its blessings and is extremely thankful for the great support we have received this year. Despite the challenges that 2020 has presented to all of us, Way to Grow continues to serve children and families because we have the support of individuals, foundations, and companies. Thank you!
We hope you’ll consider a year-end gift to Way to Grow! A gift of appreciated shares of stock that you have held for one year or longer can provide you with several tax benefits while supporting our vital mission.
First, by donating shares directly to Way to Grow, you avoid paying capital gains taxes on any growth in the shares. Plus, Way to Grow receives the full value of the stock tax free, so you effectively increase your gift by up to 20% (max capital gains rate). Secondly, you may deduct the full fair market value of the shares as valued on the date of the gift, reducing your tax burden for 2020. Third, if a particular stock has risen sharply in value, donating shares to Way to Grow helps re-balance your holdings.
Most importantly, your gift will help ensure that children are born healthy, stay healthy, and are prepared for school.
For all of these reasons, we hope you’ll join others in discovering the power of donating stock to Way to Grow. To put your gift in motion, simply contact Kim Bowman for assistance at (612) 767-0425. We are here to help!
