American Red Cross of the Greater Lehigh Valley

Gifts of Stock

Did you know that you could reduce your taxable income by deducting the full fair market value of the securities you donate to the American Red Cross of the Greater Lehigh Valley, as long as you have owned these assets for at least one year? For example, if you paid $100 for 10 shares of Computer, Inc. in 1997 -- the shares are now worth $200. You can deduct $200 -- twice as much as you paid for the stock.

Avoid Capital Gains Taxes
Normally when you sell securities that have gone up in value, you must pay capital gains tax on the increase in value. However, by donating the securities to charity, you do not pay capital gains tax.

Make a Gift of Securities
If your stock is held in a brokerage account, please instruct your broker to transfer the shares to Smith Barney, 1605 N. Cedar Crest Blvd., Suite 100, Allentown, PA 18104. You will need our account number and DTC number. Please contact Brad Greenawald at Smith Barney, 610-820-3493 or at bradford.greenawald@smithbarney.com.

For additional information, please contact Teri Holderman, finance controller at the local Red Cross, at 865-4400, ext. 233 or at HoldermanT@usa.redcross.org.

Thank you for your generous support of your local American Red Cross.