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There are many benefits to donating stock, securities, and other assets including:
A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than *one year.
Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income.
Avoidance of capital gains tax that is due when you sell appreciated stock.
*Stock owned for less than one year is considered a short-term asset and usually will not produce tax benefits.
Before you choose to give a gift of this type, we recommend that you consult your tax professional to understand the benefits to you.
Your stock donation gift will strengthen our work here at the Air Zoo while providing you with tax benefits. If your stock is held by a broker, contact your broker to help facilitate the transfer. During the process:
Provide them with the following information to transfer a gift of stock to the Air Zoo:
The Air Zoo’s brokerage account is with Greenleaf Trust.
The account name is: Kalamazoo Aviation History Museum Endowment fund.
To ensure that your gift is properly credited and directed, contact the Air Zoo's team at development@airzoo.org with the name of the stock and the number of shares being transferred.
Remember to check with your employer to see if your gift is eligible for an employer matching gift contribution!
Thank you for your support!