Making a stock contribution to the Primary Care Coalition (PCC) is one way you might avoid capital gains taxes on the sale of appreciated stock while deducting the value of the contribution. Be sure to discuss your specific situation with a tax professional, however.
The process works using a third party to receive the stocks. In this case, DonateStock is that third party, and contributors transfer their stock there from a brokerage account. DonateStock sells the donated stock and transfers the proceeds to PCC, which provides the contributor with a donation acknowledgment.
More information is available online, and questions can be directed to Stephanie Narayanan, senior development manager, at 301-628-3456 or firstname.lastname@example.org.
For anyone who may have received a tax refund or who would just like to help support healthcare for our most vulnerable neighbors, PCC also gratefully accepts donations online or by mail.