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Planned Giving

We hope you will consider a charitable bequest in your will to the Carolinas Credit Union Foundation. We can help you build a legacy that will live on. Please discuss this with your tax advisor and financial planner.

 

Gifts of Stock/Securities

If you own stock, it is almost always more tax wise to contribute stock than cash.

This is because a gift of appreciated stock usually offers two benefits. First, you may avoid paying any capital gains tax on the increased value of the stock. Second, you may receive an income tax deduction for the full fair market value of the stock at the time of the gift.

Example: If you purchased some stocks years ago for $5,000 and the stock is now worth $15,000, that stock can be donated to the Carolinas Credit Union Foundation. You would receive a charitable contribution deduction of $15,000 and would not have to pay the capital gains tax on the $10,000 of appreciation.

Please make sure you have held the stock for a "long-term" period of time. This usually means more than one year. Please call us to find out how to have your gift of stock transferred by your broker. As with any tax matters, please discuss this with your tax advisor.