Donate stock to the Colon Cancer Foundation
Gifts of stock can help the Colon Cancer Foundation® continue its lifesaving vision of A World Without Colorectal Cancer™ and it’s goal of distributing 10,000 FIT tests in 2021 to the underinsured and underserved.
Donating stock or securities offers a number of benefits:
- 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; and
- Avoidance of capital gains tax that is due when you sell appreciated stock.
Note: Stock owned for one year or less is considered a short-term asset and usually won’t produce attractive tax benefits.