The gift of stock transfers can be an great way to support Family Assistance Ministries!
Gifting publicly traded stock (owned for over one year) can often provide better tax benefits than giving cash. Your broker or a tax professional can assist you in making a gift of stock via a direct transfer to FAM.
Your charitable income tax deduction is equal to the fair market value of the stock. You can avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save on brokerage fees as you are transferring ownership rather than selling the stock.
Please contact Noelle Leland at (949) 492-8477 x118 to discuss making a stock transfer to FAM.