Lower your tax bill with gifts of appreciated assets
A new year means that tax season is just around the corner. Have your investments grown in value? Are you concerned about looming capital gains taxes if you sell them? Consider donating them instead!
When you make a donation of appreciated assets (e.g. stocks) directly to a nonprofit such as LifeWorks NW, your potential benefit can be threefold: support the mission of an organization you care about, avoid capital gains taxes, and receive a tax deduction for your donation.
Give to LifeWorks NW
Learn more about other giving options available to you at LifeWorks NW.
"Gifts of stock and other appreciated assets are a streamlined way for donors to support their community while possibly improving their tax situation," says Karen Warr, Director of Development at LifeWorks NW. "We are always happy to help make the process as easy as possible for those who wish to give this way."
For more general information on donating appreciated assets, contact Karen at karenw@lifeworksnw.org. Please consult a professional advisor for advice about your personal tax situation.
Your contribution is an investment in our community’s healthy future, enabling us to respond to needs without sacrificing the quality for which we’re known.
Your gift may be tax-deductible to the extent allowed by the law. Our 501(c)(3) tax ID number is 93-0502822.
Please note this for your tax records.
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