Stocks, bonds and mutual funds can be used to make a gift to WVWA by transferring them to our brokerage account.
You will avoid paying capital gains tax on any appreciated value.
You will receive an income tax charitable deduction for the fair market value of the security. The tax deduction is limited to 30% of your adjusted gross income in the year of the gift, with anything above that amount being deductible over the next five years.
If you have securities on which you may incur a loss, you should sell them first, claiming a capital loss tax deduction, then give the proceeds to WVWA, claiming a charitable deduction, as well.