Stock or Other Securities
Thank you for considering a gift of stocks or other securities. Your gift will help provide opportunity and choice to people with disabilities. There are potential tax savings associated with donations of stocks, bonds. or mutual funds.
You receive a charitable income tax deduction equal to the current fair market value of the security as long as it has been held greater than one year.
By gifting appreciated securities to Pillar, you will avoid capital gains tax and so will Pillar! Upon receiving the donation, Pillar will be able to liquidate the security and receive 100% of the proceeds of your generous donation.
IRA Accounts
If you are age 70 ½ or older, you can make lasting impact to help Pillar through a Qualified Charitable Donation (QCD) from your IRA. Along with helping Pillar provide opportunity and choice to individuals with disabilities, there may also be added tax benefits for you.
You may be able to lower your Adjusted Gross Income (AGI) for taxes.
This may help you meet your Required Minimum Distributions (RMDs).
You have the ability to donate any amount up to $100,000 per person per year without it being considered a taxable distribution.
How to Donate
Instruct your broker to wire transfer the securities directly from your account to Pillar.
Provide your broker with the information below:
Non-profit beneficiary:
Apple Patch Community, Inc. dba Pillar
7408 Highway 329
Crestwood, KY 40014
Federal Tax ID: 61-1159539
Beneficiary Account #: 563X9898Receiving Institution:
Raymond James Financial Services
4350 Brownsboro Road
Louisville, KY 40207
DTC#: 0725
Once Pillar receives the securities, we will provide you with a written gift acknowledgment based on the market value of the security with a tax receipt.
Pillar is not in the business of providing professional legal or financial advice, and donors should consult with their own advisors to ascertain how these opportunities may complement their own personal, philanthropic and tax planning objectives.