Continuum of Care, Inc.’s mission is to enable people who are challenged with mental illness, intellectual disabilities, addiction, or homelessness to rebuild a meaningful life and thrive in the community.
Your gift of appreciated stock, bonds, or mutual funds are a tax-efficient way to support Continuum. By adding stock to your donation, you can help us further our mission of rebuilding lives while receiving a charitable deduction and avoiding taxes on the gift. Many donors like being able to kill two birds with one stone.
If you have owned some stock for more than a year, you may be able to avoid the capital gains tax you would have to pay on any increase in value of stock since being purchased. This is a good option for many people who may have stock that’s appreciated in value over time, aren’t using it for day-to-day expenses, and are hesitant to redeem it because of a big tax bill.
In addition, if your securities have depreciated you can sell them and donate the proceeds to Continuum. Then, when you file your taxes next April, you may be able to claim the loss and take the charitable deduction for the amount of your gift.
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For more information, please contact Continuum of Care, Inc.'s Vice President of Development at 203.562.2264 x236.