Donate
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The Jericho Historical Society gratefully accepts donations of any size to continue its mission of preserving the Old Red Mill, which is on the National Register of Historic Places, caring for our archival collections, and supporting the Snowflake Bentley Exhibit.
Send Donations to: Jericho Historical Society Donations PO Box 35, 4A Red Mill Drive Jericho, Vermont 05465 |
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Consider Donating Stock
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Donating Stock
Donating appreciated stocks can result in several tangible benefits — both for you and the cause you support. When you donate stock before selling it, you can deduct the full fair market value of your charitable stock donation. You’re allowed to deduct up to 30% of your adjusted gross income in stocks that you’ve held for at least a year. |
Reduce Future Capital Gains
When you’ve held the stock for more than a year and it’s appreciated over that time, consider donating the appreciated shares to charity. If you decide to, you can always buy shares in the company again. If you purchase them at a higher cost basis and the share price continues to grow, you’ll likely have less to deal with when it comes to capital gains and tax liability. |
Rebalance Your PortfolioIt’s good practice to diversify at least a few times a year. Donating appreciated stock to charity is an effective means of doing so. If you donate the stock straight to charity instead of selling it, the capital gains tax liability vanishes. The charity receives more money than they would have gotten from the straight cash donation, but your contribution remains the same. Understand that this benefit only works with stocks.
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Get a Personal Reward
Finally, giving to causes you care about is fulfilling and enriching. The Jericho Historical Society coordinates with stockdonator.com where you can easily make your stock donation. |