Making a gift of securities or mutual funds offers you the chance to support the work of Roots and Wings, while realizing important benefits for yourself. Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift.
Donating appreciated securities or mutual funds in support of our mission can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
When you donate securities to Roots and Wings, you receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20%.
By placing a TOD designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime.
*State laws govern transfer on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.
Legal name:
Roots and Wings, Inc.
Address:
7700 Congress Avenue, Suite 3212 Boca Raton, FL 33487
Federal tax ID number: 38-400863
Roots and Wings, Inc.
7700 Congress Avenue, Suite 3212 Boca Raton, FL 33487
Federal tax ID number: 38-4008636
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.