Many supporters of Care Net choose to make gifts of cash, stock or appreciated securities. Care Net is a 501(c)(3) charity registered as Pregnancy Center of Northern Kentucky, doing business as Care Net Pregnancy Services of Northern Kentucky. Financial gifts to Care Net are tax deductible. In 2020 the CARES Act temporarily increased the individual adjusted gross income (AGI) limits for cash contributions made to qualified public charities. For instance, a donor can deduct up to 100% of his/her AGI in most cases. You should always check with your tax or financial advisor before determining the form of your gift.
Download the information you will need to transfer stock.
You also may make your gift through a donor-advised fund (DAF). A DAF is a centralized charitable account. It allows individuals, families, and businesses to make tax-deductible charitable donations of cash and publicly traded stock to a public charity that sponsors a DAF program.
Most financial advisors participate in DAF programs; Care Net offers a DAF Direct link (see below) to make such donations through Schwab Charitable, Fidelity Charitable, and BNY Charitable.