JUFJ has the capability to accept donations of stock!
Due to favorable tax provisions, one of the most popular ways of making charitable contributions is to contribute securities and other capital assets that have increased in value since they were acquired. Usually, the greater your income, the greater the tax savings. When “paper” profits are involved, the tax savings are substantial because you are giving appreciated assets rather than cash, and there is no liability for the capital gains tax. For these reasons, it’s possible to make contributions at an extremely low overall cost. It’s important to remember to transfer the ownership and not sell the stock in order to avoid capital gains tax.
The federal government encourages charitable giving by allowing you to deduct up to 50% of adjusted gross income each year when a gift is in the form of cash, or up to 30% when payment is made through securities that have increased in value and have been held for more than one year and a day. In addition, if you are unable to use the entire amount of allowable tax deduction in one year, the excess tax deduction can be taken over the following five years until the amount is used up.
Instructions for making a stock donation to JUFJ:
We appreciate your interest and generous support. Electronic delivery of stock shares is the most secure and expedient delivery process available and provides efficient internal control as well as cost savings. You can also send your broker a letter specifying the name of the stock and the number of shares that you would like to gift to JUFJ.To ensure a smooth transfer, please use the following information:
Name: Jews United for Justice
Agent: E*TRADE Securities
DTC #: 0385
Please notify JUFJ if you are making a stock donation so that we can follow up. Should you have any questions or experience difficulties, please don’t hesitate to contact Rebecca Ennen, Deputy Director, at 202-408-1423 x3 or firstname.lastname@example.org.
On behalf of Jews United for Justice, thank you for considering JUFJ for this significant gift!