Many people find it attractive to support the Clubs through a gift of stock. When you contribute an appreciated security that you have owned for more than one year to the Boys & Girls Clubs of Greater Vergennes, you will receive a charitable income tax deduction for its full market value, and you will avoid any capital gains tax on the increase in value of the stock since you purchased it. If your stock has been held long-term but has decreased in value, it may be more advantageous for you to sell the stock and give cash to the Clubs.
It is important that donors making a stock transfer notify the Club so that we are aware of the transaction and the desired use of your gift. Please contact the Boys & Girls Club of Greater Vergennes at (802) 870-7199 or firstname.lastname@example.org.