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Stock Donations Make Your Charitable Dollars Go Further

It may be better to give than to receive, but what if you could do both at once? As part of our Bandelier Centennial Fundraising Campaign, the Friends can now accept gifts of stock, mutual funds, and other securities.

Donating securities can benefit you and the Friends in several ways: Neither you nor the Friends pay capital gains taxes when the stock is sold. The more your securities have appreciated, the greater the tax savings. You may take a charitable tax deduction for the full market value of the stock at the time of the gift. This combination can result in substantial tax savings, perhaps enabling you to give more to the Friends than otherwise possible. You get the satisfaction of supporting Bandelier without parting with cold, hard cash.

To qualify for these special tax advantages, the securities must have been held for at least one year. Your gift of stock is fully deductible up to 30% of your adjusted gross income, and you can carry forward unused deductions for future years. Please consult your tax advisor for more information on how such a gift would impact your overall tax picture.

For more information on donating securities to the Friends of Bandelier, contact Sarah Gustafson at sarahgus2@gmail.com.