Gifts to the Dubuque Area Chapter of the american Red Cross ensure the continuance of these and other essential services and the development of new ones.
Donors can make gifts in the following ways.
By making a gift of the appreciated securities themselves, donors may completely avoid the capital gains tax, allowing the gift to be made at a significantly lower cost while receiving a deduction for the full current fair market value. It is important to note that the donor who wishes to make a gift of securities that have decreased in value is well advised to sell the securities and make a gift of cash to the American Red Cross of the Tri-States of the American Red Cross. The donor may them claim an income tax deduction for the loss as well as a charitable contribution deduction for the gift. If the gift is irrevocable, the donor may take an immediate income tax deduction based on the present value of the remainder interest to the American Red Cross of the Tri-States of the American Red Cross. If annual premiums are paid by the donor on a policy owned by the Dubuque Area Chapter of the American Red Cross, the donor enjoys a charitable deduction in the amount of those premiums.