Donating stock directly to Cape Wellness Collaborative eliminates your federal capital gains tax on that asset and you can take a charitable deduction for the full market value of the donated stock (up to 30% of your adjusted gross income) if you have owned it over a year
The stock donation then takes about 5 business days to complete processing.
Give From Your IRA
A Qualified Charitable Distribution (QCD), also known as IRA Charitable Rollover, enables individuals age 70.5 or older to give directly from your IRA without the distribution counting as taxable income.
If you have a required minimum distribution from your IRA, making a QCD to Cape Wellness Collaborative counts toward your required minimum distribution without counting as taxable income.
You can make a qualified charitable distribution by informing your IRA custodian that you want to donate to Cape Wellness Collaborative directly from your IRA.
Donating stock or IRA assets directly to Cape Wellness Collaborative – rather than selling them and then donating the proceeds – enables you to save on your taxes!
Donations to Cape Wellness Collaborative are tax-deductible to the extent allowed by law.
For a gift of stock or gift from your IRA to be eligible for your 2023 tax return, it must be completed by December 31. Remember that it may take several business days to process after you submit the information.
For questions, more information, or assistance with these tax-beneficial giving options, we are ready to help before December ends at firstname.lastname@example.org.