You can now donate shares of your appreciated stock to St Katherine.
Donating stock to charity can be an excellent tax planning strategy!
You may be able to enjoy two tax benefits:
Avoid the capital gains tax you’d pay if you sold the stock -and-
If you itemize deductions you can claim a charitable deduction equal to the stock’s fair market value.
Consult your tax advisor for further information.
St Katherine will sell the donated stock and get the fair market value without paying tax since we are a registered 501(c3).
Note: St Katherine will not hold gifted stock. We will sell it immediately and deposit the cash in our bank account.