Give Gifts of Stock
Making a gift of stock to Riverview is extremely valuable to us, and it just may be beneficial to you from a personal income tax perspective as well. The best stocks to donate are those that have increased greatly in value. Even if it is stock you wish to keep in your portfolio, by giving Riverview the stock and using cash to buy the same stock through your broker, you will have received the same income tax deduction but will have a new, higher basis in the stock. If you donate property that has risen in value and that you have held for more than one year, you pay no capital gains tax on the transaction. You can also take an income tax deduction for the full fair market value of the stock. If you have stock losses, sell the stock yourself to realize the loss and take the deduction for tax purposes. Then generate a charitable contribution deduction by donating the cash proceeds of the sale to Riverview. Please note: When stock is received into our account the donors name is not attached. In order to properly acknowledge your gift of stock, please contact the Advancement office and let us know the name of the stock and the number of shares you will be gifting.
Ask Your Employer about Matching Gifts
Many corporations offer matching gift programs for employees and their families. A matching gift can often double or triple your gift, and all matching support is credited to the individual donor. Ask your company if they will match your charitable gifts. If they do, you will need to submit their matching gift form along with your gift. Please send your matching gift form to Janet Dwinells at email@example.com.