Did you know that you can also donate to GEDCO through stock? Simply transfer ownership of shares to your charity of choice-that’s us! You can claim the worth of the stock donation as a deduction on your taxes, and do not have to pay any capital gains tax. You receive the full deduction for a charitable contribution, and it is not partially offset by your capital gains tax bill. This can be a great way to strategize at the end of the year if you have some appreciated shares that you want to redeem, whether you are looking for cash or are trying to re-balance your portfolio.
To send stock, use the following information: Morgan Stanley/SmithBarney, DTC #0015, Account # 550-112526-526, The Zolet Lenet Group, Account Rep: Loy Agno, 410-296-9200.
For questions or to alert us that you have transferred stock, please contact Nate FitzGerald at 410-433-2442 ext. 19 or nfitzgerald@gedco.org