If you own stock or a mutual fund that has appreciated in price since you purchased it, consider using that asset for your charitable giving. You will get an income tax deduction for the full market value of donated securities that you have owned more than one year and you will avoid the capital gains tax on the appreciated value.
To transfer securities to CSC, your broker needs the following instructions to electronically transfer your stock to CSC:
Broker: Wells Fargo Advisors
Asst. Vice President, Wells Fargo Advisors
Phone: (202) 861-4474
- To take advantage of the tax benefits of gifting stock, your shares should not be sold but rather transferred to the Cancer Support Community.
- Please instruct your broker to include your name and address. Some brokers will not send this information unless instructed.
- Please notify us of your donation so we can identify your gift in our brokerage account. You can call us or email us at 202-552-5809 or email firstname.lastname@example.org.