Gifts Of Cash
If you itemize, you can lower your income taxes simply by writing us a check or making a recurring gift pledge
. Gifts of cash are fully deductible – up to a maximum of 50% of your adjusted gross income. For example, if your adjusted gross income for this year is $50,000, up to $25,000 of charitable gifts may be deducted this year.
Gifts of Stock
If you own stock, it is often more tax-wise to contribute stock than cash. This is because a gift of appreciated stock generally offers a two-fold tax saving. First, you avoid paying any capital gains tax on the increase in value of the stock. Second, you receive an income tax deduction for the full fair market value of the stock.
TAPS can be named as a beneficiary in your will in any one of a number of simple ways. For example, an outright gift – either a designated dollar amount or percentage of your estate – could be specified. You can easily add us to your will through an amendment to your will; thus your entire will does not have to be redrafted.
Other planned gifts are accepted when suitable for both the organization and the donor. Please contact TAPS at email@example.com
to learn more.