• How Stock Gifts Help Bideawee and Donors

    There are a variety of ways to support Bideawee. In many cases donors find that providing the organization with a gift of stock has multiple benefits. The example that follows illustrates how a gift of stock to Bideawee can benefit the donor and the organization. If you have questions regarding any donation instrument please contact the Bideawee Development group at 866-262-8133.

    Cash Gift:
    Frank and Estelle have been a supporters of Bideawee for years and are looking for a way to give more. They would like to make a gift of $10,000. If Frank and Estelle write a check to Bideawee for $10,000, they will receive a charitable tax deduction. If Frank and Estelle are in the income tax bracket of 35%, they will reduce their taxes by $3500 ($10,000 X 35%). The net cost of the gift to Frank and Estelle is $6500 ($10,000-$3500).

    Stock Gift:
    Now, instead of donating cash, Frank and Estelle decide to give $10,000 of publicly traded stock they purchased ten years ago for $2000. They will be able to claim a $10,000 charitable tax deduction, just like for the gift of cash, reducing his taxes again by $3500.

    In addition, Frank and Estelle can now avoid paying capital gains tax on the $8000 long-term gain they would have had to pay had they sold the stock, rather than donating it. Assuming Frank and Estelle are in a capital gains tax bracket of 20%, they would have paid capital gains taxes of $1600 ($8000 x 20%).

    By donating the stock, they eliminated the tax liability and the net cost of their gift is reduced to $4900 ($10,000 - $3,500 - $1,600).

  • Transferring Mutual Funds

    If you would like to transfer shares of a mutual fund to Bideawee, please contact Bideawee's Development group first as every mutual fund company has different procedures.

    Contact information:
    Attn: Planned Giving Director
    410 East 38th Street
    New York, NY 10016
    FAX: 212.532.7294

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.