Donating stock to The Common Place can be a fantastic way to support our mission while potentially offering you, our generous donors, some tax benefits. Here’s how it works:
- Decide which stock you want to donate. You and your broker can assess the difference between the purchase price and the current value, which will help you determine a potential tax benefit.
- Contact The Common Place to let us know your gift is coming. We’ll put you in touch with our broker for this simple transfer process.
- Transfer your stock and receive a letter of acknowledgment from TCP for tax reporting purposes. Typically, you can deduct the full fair market value of the stock at the time of transfer.
- Celebrate with The Common Place as your funds help us achieve our mission and Revive the Spirit of Hope in Southwest Philadelphia.
That’s it! If you are interested in giving the gift of appreciated stock contact our development office. We thank you for the ways you sustain TCP and wish you and your family a wonderful 2024.
