Donating stock is a great way to get the most value from charitable contributions for your charity and as a tax deduction for yourself. In most cases, when you donate stock directly to TUMC, instead of selling the stock and donating the money, you don’t pay taxes on the sale of the stock. This allows TUMC to get the full value of the stock and you to maximize your tax benefits. There is even greater benefit for both parties if you have owned the stock for more than a year. Consult with your tax advisor to make sure you maximize your donation and personal tax benefit. Contact the office at firstname.lastname@example.org for information on how to transfer your stock.
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