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A gift of stock is a great way to help support the Aspen Valley Ski and Snowboard Club. Not only will it help us reach greater numbers of participants but a stock donation can also offer the donor some distinct tax advantages over a cash contribution. Donating a publicly traded stock that you have owned for more than one year can offer greater tax benefits since your charitable income tax deduction is equal to the fair market value of the stock at the time of donation. Donors are exempted from having to pay capital gains tax on the increased value over the original cost of the stock. Donors may also save on brokerage fees due to the fact that ownership of the stock is being transferred, not sold. Your broker can assist with making the arrangements. Please contact executive director Mark Cole with the type of stock and number of shares you wish to donate: Mark Cole AVSC Executive Director P.O. Box C-3 Aspen, CO 81612 (970) 925-2720 x.103 mcole@teamavsc.com |
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