The most common way to make a donation and the one most helpful is the simple outright gift of cash. You can deduct cash gifts up to 50 percent of your adjusted gross income. On a $10,000 cash gift in a 28-percent tax bracket, you save $2,800 in taxes.
Appreciated stock (held more than one year) makes an excellent gift. You avoid all capital gain taxes, will receive a tax deduction, and can deduct it up to 30 percent of your adjusted gross income. If you own stock that has gone down in value, sell the stock and contribute the proceeds. You’ll receive a gift deduction plus a capital loss deduction.
Visit the Donate Now section for more information on how to make a cash or securities donation today.