As the 2011 calendar year comes to a close, this may be the right time to consider making a gift of stock.  You may also find it more convenient (and easier on your budget) to do this instead of making year-end cash donations.
 
Hopefully the value of your stock portfolio has increased significantly in recent months.  If so, any shares showing a gain that you have owned for more than one year (long-term) may qualify as a potential tax-saving contribution.  By donating such long-term appreciated investments to Water Missions International, you can save in two different ways.  First, you can receive an income tax deduction (assuming that you itemize) based upon the current market value of the stock.  Secondly, you can avoid paying capital gains tax on the sale of the stock.
 
Important limitations apply, so please consult your tax advisor to determine if making a stock gift is a good option for you.  If you would like more information, please contact Megan Huffman at 843-769-7395 x 223 or mhuffman@watermissions.org to ensure proper handling and tax savings on your gift.  Water Missions International would be honored to give you all of the necessary instructions.
 
Note that qualified stock gifts must be finalized by December 31, so allow enough time for all transactions to be completed before that date. So if possible, please act now!