The following types of gifts can be credited to the capital campaign due to their liquid nature.

cash, check, or credit card
Gifts of cash to Crossroads are deductible. You may claim a current tax deduction of up to 50% of your adjusted income in any one year when you itemize deductions, with the excess, if any, carried forward for an additional five years. Actual savings from gifts of cash depend on your tax bracket - the higher the tax bracket, the higher the deduction.

closely held stock
An often overlooked asset to make a gift is closely held stock. Corporate owners frequently hold stock with a low cost basis that has significantly appreciated as the business has grown, often without having paid dividends along the way. After obtaining an IRS-required independent appraisal you can give stock in your company to Crossroads. Then, either the corporation or a third party has the opportunity to purchase the stock. You save taxes twice: first with a personal income tax charitable deduction for the fair market value of the stock, and also by avoiding capital gain tax on the appreciation.

securities
(stocks, bonds, and mutual funds)
There may be significant tax advantages from contributing appreciated securities as a charitable gift. The value of your gift depends upon the market price of these assets when they are given. Their full fair market value is deductible as a charitable contribution up to 30% of your adjusted gross income each year when you itemize deductions. Like gifts of cash, deduction amounts that exceed the limit can be carried forward for up to five additional years. In addition, you avoid paying capital gains taxes on the appreciated security. The easiest way to give stock is to transfer the stock from your brokerage account to Crossroads’ brokerage account.

real estate
Crossroads may accept a gift of a house or other personal residence, vacation home, condominium, farm, commercial buildings, and income-producing or non-income-producing land. A gift of real estate that you have owned for more than a year entitles you to a tax deduction based on the fair market value of the property - while allowing you to avoid capital gains tax and brokers’ fees. While this type of gift must be approved in advance by our Board of Directors, unencumbered real property is an excellent option.

matching gifts
Some companies match employee’s gifts. If your gift will be matched, please notify us of the matching company. The full value of the gift (your portion plus the match) can be credited to your name for the purposes of our donor honor roll if allowed by the matching company.