Gift of Stocks and Bonds, Life Insurance, Real Estate
Stocks and Bonds, if securities are highly appreciated, may be given so the donor can deduct the full fair market value as a charitable contribution and thus avoid capital gains tax on the appreciation.
Life Insurance can be used to create a major gift at relatively low cost to the donor. If the Golden Cross Foundation is named owner or beneficiary of a new or existing policy, the donor receives a tax deduction. Additional premiums paid through the Foundation are tax deductible, and proceeds pass to the Foundation, free of estate tax.
Real Estate may also be given at appraised value so the donor can receive a full charitable deduction and avoid capital gains taxes.
Before making a gift of stocks, bonds, life insurance or real estate, please contact your tax professional. Likewise, please contact us for assistance.
Due to privacy laws, we cannot find out who transferred the stock unless you notify us personally.
When you notify us, we can make sure that you get proper credit and that your gift is directed to the program you wish to support.
Please note that all gifts to the Golden Cross Foundation are tax deductible to the extent allowable by law. An acknowledgement letter for tax purposes will be provided for all gifts.
The Golden Cross Foundation Tax Identification Number is 46-2817120.