Stocks

There are a number of ways to support the Zinn Education Project and increase the teaching of people’s history.

If you own stock or mutual funds, it may be more tax-wise to contribute these shares than cash. This is because a gift of appreciated stock or mutual funds generally provides you a two-fold tax advantage. First, you avoid paying capital gains tax on the increase in the value of the stock or mutual funds. Second, you receive a federal income tax deduction for the full fair market value of the stock or mutual funds at the time of the gift.

For example, if you purchased stock many years ago for only $1,000, and now it is worth $10,000, an outright gift of this stock to the Zinn Education Project would result in a charitable contribution deduction of $10,000. In addition, there would be no tax on the $9,000 appreciation in value.

Gifts of appreciated stock or mutual funds are fully deductible up to a maximum of 30% of your adjusted gross income. For example, if your adjusted gross income for the year is $100,000, up to $30,000 of long-term appreciated stock and other property gifts may be deducted for that year. Any excess can generally be carried forward and deducted over as many as five subsequent years.

All donations to the Zinn Education Project are tax-deductible. The Zinn Education Project is a collaborative effort of two 501-c-3 non-profit organizations, Teaching for Change and Rethinking Schools. The donations are handled by Teaching for Change (federal tax ID: 52-1616482). All donations are acknowledged with a thank you letter which includes a receipt for tax purposes.

Stock Donation Information

Broker: Charles Schwab
Account Name: Teaching for Change
Tax ID #: 52-1616482
Specify for Zinn Education Project

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