Giving Stocks, Bonds, or Mutual Funds
Did you know you can also give to KJZZ by donating stocks, bonds, or mutual funds you currently own? If you haven’t made your annual gift to the station already, it’s definitely an option to consider—especially since you’ll avoid having to pay steep capital gains taxes at the end of the year.
Whatever size donation you choose to make, you’ll also be able to deduct your gift on your tax return. Gifts of appreciated securities that that have been held for longer than one year are exempt from capital gains taxes. Plus, outright gifts entitle the donor to a tax deduction that’s equal to the fair market value of the securities at the time of transfer.
You can also consider funding a charitable gift annuity or a charitable trust on our Planned Giving page.