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Donating Money

Support Our Cause

Averys Light is is a tax-exempt 501(c)(3) nonprofit organization. Your gift is tax-deductible. Help our organization by donating today! All donations go directly to making a difference for our cause.

In-Kind Donations

Why In-Kind Donations

Individuals who donate long-term (held longer than 12 months) appreciated assets such as stocks and mutual funds may receive multiple tax benefits. By transferring the asset to charity –as opposed to selling it and donating the proceeds – the donor avoids incurring capital gains on the sale and removes the asset from the estate for estate tax purposes. Additionally, donors who itemize their deductions generally qualify for a charitable deduction equal to the asset’s fair market value, up to 30% of AGI for gifts to public charities and 20% of AGI for gifts to private foundations. 

 

From an income tax standpoint, individuals are generally better off selling securities with a loss and donating the cash proceeds to charity. That way, they may be able to use a capital loss from the sale to offset any capital gains and a portion of ordinary income they may have during the year. 

 

With our partnership with Edward Jones, Averys Light is able to accept In-Kind security donations

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