There can be significant advantages to donating assets other than cash to The Actors Fund.
Gifts of Stock
Did you know you can make a gift of appreciated stock to The Actors Fund?
Why give stock over cash? If you donate stock that has increased in value since you bought it more than a year ago—and if you itemize deductions—you can take a charitable deduction for the stock’s fair market value on the day you give it away. You’ll also avoid capital-gains taxes on the increase in value over time, which you would have had to pay if you sold the stock then gave the charity the cash proceeds. See table below:
| SCENARIO 1 | SCENARIO 2 | ||||
| Donate stock | Donate cash | ||||
| Contribute securities directly to The Actors Fund | Sell securities and donate proceeds to The Actors Fund | ||||
| Fair market value of stock | $50,000 | $50,000 | |||
| Eliminate capital gains and Medicare surtax | Federal long-term capital gains tax (20%) Medicare surtax (3.8%) paid. Assumes cost basis of $20,000 and long-term gains of $30,000 | $0 | $7,140 | ||
| Donate more to The Actors Fund | Charitable contribution/charitable deduction | $50,000 | $42,860 | ||
| Save more in taxes | Value of charitable deductionless capital gain taxes paid (Assumes donor was in 39.6% federal income tax bracket) | $19,800 | $9,833 | ||
| The end result | Give $7,140 more to The Actors Fund and double the tax savings. | ||||
In basic terms: The Actors Fund gets a larger gift, and you get a larger tax-deduction!
Download The Actors Fund’s stock transfer information.
For more information:
Jay Haddad, Manager of Individual Giving
jhaddad@actorsfund.org
917.281.5928
