Donate

How to Donate

The simplest way is to use the button above, or write a check to the Peacham Children’s Center, Inc. and send it to our treasurer, Tim McKay, at 2113 Thaddeus Stevens Rd., Barnet, VT 05821. As a 501(c)(3) not-for-profit organization, we will send you written confirmation as documentation for the IRS.

Donating your Stock or Securities

Through thoughtful planning, you can make gifts of stocks and securities to The Peacham Children’s Center and have a tangible impact on the families of Peacham!

How Stock Donations Work – It’s quick, it’s easy, it helps!

If you have owned stock for more than one year that has gone up in value, you can donate the stock to a qualified organization, get a deduction equal to the fair market value of the stock at the time of the transfer (its increased value), and never pay capital gains tax on the appreciated value of the stock. The qualified organization can either sell the stock right away and not pay any tax, or it can hold on to it—but it will never owe capital gains tax on the appreciated value the donor realized.

Example: Jill owns 1,000 shares of ABC stock which she paid $1,000 for the shares back in 2005 and they are worth $10,000 today. She gives the stock to her favorite nonprofit, The Peacham Children’s Center, and deducts its $10,000 fair market value as a charitable contribution. Jill is not required to pay the 15% capital gains tax on the $9,000 gain in the value of her stock, thus saving herself $1,350. The Children’s Center sells the stock and pays no taxes on the $10,000 it receives.

If you are donating shares that have lost value, it is wiser to sell the shares and then donate the funds.  In that way, you can take a loss on your taxes to offset the sale proceeds.  Your gift to PCC will still be tax deductible to you.
Peacham Children’s Center, Inc. is a 501(c)(3) Not for Profit organization. Your donation is tax deductible to the extent allowed by law.

Here’s How You Do It
  1. Inform your financial advisor that you would like to make a stock transfer as a donation to the Peacham Children’s Center, Inc..  Have your financial advisor contact Community Financial Services Group to inform them of your intention for the gift. Our CFSG advisor is Bob Thompson at rthompson@cfsgtrust.com  (802) 626-9594. CFSG can provide the necessary account information for the transfer.
  2. Please notify Tim McKay (our treasurer) of your gift of stock at 802-592-3366 or tmckay54@gmail.com. Due to privacy acts your broker is not able to release your name to us. The only way we can acknowledge your gift and thank you is if you let us know you have made a donation. For more information, we invite you to contact us anytime. Thank you in advance for your generosity. Remember, the greater the gift, the greater the possibilities!

Donating your Required Minimum IRA Distribution

If you are withdrawing a required minimum distribution from your IRA, don’t need it, and don’t want to pay taxes on it, donate it directly to the Peacham Children’s Center and put it to work for the kids of Peacham. In order to avoid paying taxes on the distribution, it must be made directly from the institution holding your IRA to the Peacham Children’s Center. If you take the distribution yourself and then donate it, you will still owe taxes on it. Inform your financial advisor that you would like to make this type of donation and they can assist you. 
 

Disclaimer: This information is not intended as legal or financial advice. Please consult an attorney or financial consultant. References to estate and income tax include federal taxes only; individual state taxes vary and may have further impact on results.

Children are 1/3 of our population…and all of our future!