Donate Stock

Support Community United San José and save on capital gains taxes. 

The gift of an asset, often common stock or mutual fund shares, is a valuable way to make a contribution to a charitable organization and receive tax benefits based on the value of the asset(s). For example, suppose Sam and Beth had 300 shares of ARC Corporation that they had purchased at $15 a share some years ago. The current value in today's market is $36 a share. If they sold the stock in the market, they would have a taxable, long-term capital gains on the difference between their cost and what they would receive from the sale ($36 minus $15 = $21 capital gains per share; 300 shares X $21 = $6,300 in capital gains).

They could sell the stock, pay the tax on the capital gains, and either keep or donate the proceeds. If, instead of selling the stock, Sam and Beth gave the 300 shares to a charity, they would not incur any capital gains and would be able to deduct the current value (300 shares x $36 = $10,800) as a charitable gift. By donating the stock, the charity receives more than it would receive if Sam and Beth first sold the stock and then donated the proceeds after deducting the capital gains taxes. Also, Sam and Beth receive a greater tax deduction by giving the stock directly to the charity and avoiding the capital gains tax.

For more information about donating stock, 
please contact Community United at 650-450-6955.

Community United San José
Attention: Resource Development 
1351 Brookdale Avenue
Mountain View, CA 94040

Happy House is a 501c3 (nonprofit) organization
and donations are tax deductible.

Tax ID Number: 20-4367250