Make an investment in the community with your tax-deductible gift of stock or other annuities and you could avoid capital gains taxes and brokerage fees.
A gift of stock that has increased in value and that you have owned for more than one year can provide much-needed support for Law Enforcement Chaplaincy Sacramento, and offer you financial benefits as well.
Publicly traded securities such as stocks and bonds may be able to be transferred to LEC-S, entitling you to an income tax deduction for the full market value of the securities. With a gift of securities to the Chaplaincy, you avoid any capital gains taxes you might be liable for if you sell the stock. You might also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock. Gifts of appreciated securities that pay little or no dividends make especially good choices for charitable contributions.