Donating securities (stocks and bonds) that have appreciated in value not only allows you to avoid the capital gains tax, but is a good way to leave your legacy of caring for future generations. The benefits are two-fold: gifts of appreciated securities are deductible at their full fair-market value if held longer than 12 months, and the capital gains tax on the securities appreciation is completely avoided.
If you own unwanted land or property, you have the ability to convert it into a useful investment. You can do so by donating your primary residence, an unused vacation home, or land with a cost of ownership (taxes and insurance), with no offsetting return or income.
Why Real Estate?
When you make an outright gift of real property held for more than a year, you obtain an income tax charitable contribution deduction equal to the property’s full fair-market value. You also avoid capital gains tax on the property’s appreciation.
Did you know you can help Meals on Wheels for WNY raise money by donating your used car? All vehicles with a clean title are accepted, regardless of condition. This program, including any necessary towing, is completely free to you, the donor. To learn more about this car donation program, fill out the application form below.
GIFT CERTIFICATES & AUCTION ITEMS
Each September, we hold our premier fundraising event, Plate Expectations. This event, which consistently raises more than $75,000, includes a number of games that require gift certificates as well as close to 100 raffle baskets. We accept gift certificates, auction items and other new in-kind donations all year long. Contact Kathleen Zastrow regarding your donation.