The St. Joseph County United Way has issued a reminder of a donation opportunity that agency officials call a “win-win” proposition.
Executive director Kelly Hostetler said by donating appreciated stocks that have been held for at least a year and a day, the giver is able to deduct the full, fair-market value of the stock on the date of the transfer and avoid paying capital-gains tax on the amount of appreciation.
Hostetler said the local United Way has for years been set up to receive stock gifts. Promoting the idea, she said, is merely to reiterate the option and emphasize the tax benefit that giving stock offers.
For more information about stock giving, Hostetler may be reached at 467- 9099.
Contributions assist in the funding of 42 local organizations.