Giving Opportunities
Cash Gifts
Cash contributions to Clover Park Technical College Foundation are fully deductible to the extent allowed by federal law. Gifts qualify for deductions and credits in the calendar year they are given. We provide receipts, as required by the IRS, for all gifts of $250 or more.
Gifts Of Stocks And Securities
Gifts of appreciated stocks can allow individuals to make large gifts with a small out-of-pocket expense. If stocks held for more than one year and appreciated in value are contributed to Clover Park Technical College Foundation, the donor may receive a federal income tax deduction for the fair market value of the security on the date it is transferred to Clover Park Technical College Foundation. The IRS calculates fair market value as the average of the high and low price for the security on its primary market on the date the asset is transferred. Gifts made in this way avoid capital gains taxes on any sale of the stocks.
If stocks have been held for less than one year, the federal deduction is based on the cost basis of the security, not its fair market value on the date of the gift.
If you wish to make a gift of securities that have depreciated in value, it is better from a tax perspective to sell the stock first, realize the loss, and give the proceeds to Clover Park Technical College Foundation.