SECURITIES DONATION
Did you know Solana Center also accepts securities as donations? Securities are stocks, bonds, or mutual funds registered on a recognized security exchange (e.g., New York Stock Exchange, NASDAQ) When you donate a security, the fair market value of the security is tax-deductible as a charitable contribution.
When you give, you support our mission!
Why donate Securities?
Receive a charitable tax deduction
When you donate a security, the fair market value of the security is tax-deductible as a charitable contribution. The IRS dictates that the fair market value is calculated as the average of the highest and lowest quoted selling prices for that security on the date it is donated.
Example: You donate 100 shares of Company XYZ to Solana Center on December 1, 2021. The highest quoted selling price on that day for Company XYZ was $71 and the lowest price was $69, with an average of $70. Thus, your tax-deductible donation is valued at $7,000 (100 shares * avg. price of $70).
Questions? Contact our development staff or more information development@solanacenter.org