If you own publicly traded stock, it may be more tax-wise to donate stock instead of cash. A gift of appreciated stock generally provides you a two-fold tax advantage. First, you avoid paying capital gains tax on the increase in the value of the stock. Second, you receive a federal income tax deduction for the full fair market value of the stock at the time of the gift.
Contact your accountant, attorney or tax advisor for help with stock you may be considering donating to FACLC.
You can designate FACLC as a beneficiary of your estate. Bequests to FACLC may include a variety of assets - cash, securities, real estate and other property. To ensure that your exact intentions are carried out, your estate planning documents should be prepared by, and with the advice of, your attorney.
FACLC is a 501(c)(3) nonprofit organization. Contributions are fully tax-deductible to the extent allowable by the law.