PCO' s fund raising year spans July 1st through June 30th of each year. Donors who itemize their deductions may deduct gifts of cash up to 50 percent of their adjusted gross income in a given year. To restrict a cash gift to a specific purpose, note the restriction on the memo portion of the check, or send an accompanying letter of explanation. Gifts of Securities Appreciated stock which owners have held for more than one year will provide substantial tax benefits to the donor. In addition to receiving an income tax deduction equal to the fair market value of the stock on the effective date of the transfer, the donor will avoid paying capital-gains taxes on the appreciation.
Appreciated securities are also ideal to fund gift annuities and charitable trusts.
For specific instructions on Gifts of Securities .