Your stock broker can assist you in making a gift of stock via a direct transfer to North Central Alabama Affiliate of Susan G. Komen for the Cure®. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction may be equal to the fair market value of the stock and you could avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
If you would like more information on how to transfer a gift of stock to Komen North Central Alabama Affiliate, please contact us at 205.263.1700.
If you would like to Invest in the Cure® by donating stock, please note the following:
Brokerage House: Wachovia Securities
Account Name: Susan G. Komen Breast Cancer Foundation North Central Alabama
Account Number: 3356-7356
Financial Advisor: Brian Poole
Telephone number: 800-847-6002
Please inform our office of stock transfers so that we can properly acknowledge your gift and forward information regarding your tax deduction.