When you donate stock or other securities to Riverside HealthCare, you can take a charitable income tax deduction for the current value of the stock on the date it is donated, not just the amount you originally paid for it. The gift value of the securities is determined by calculating the mean of their high and low price on the date the securities and power is hand delivered or mailed in negotiable form or electronically transferred to Riverside.
As an added bonus, when you donate appreciated securities, you will not have to pay any capital gains tax on those assets if you have held them for more than one year. In effect, you can make a larger gift at a lower cost. For these reasons, a gift of appreciated securities may be one of the best ways for you to support Riverside.
Riverside HealthCare Foundation staff is available to discuss the best way to facilitate your gift, either through an electronic transfer of your share or via a physical stock certificate. For more information, please contact 815-933-7799.