STOCK GIFTS

Donatating appreciated stock to OCIMA is an excellent choice.  When giving appreciated stock you've held for more than a year and when itemizing deductions, you get a bigger tax break than giving cash.  If you donate stock directly to OCIMA, there’s no capital gains tax to pay.  Plus, you are still eligible to deduct the full fair-market value of the asset you donated from your income taxes, up to the overall amount allowed by the IRS.  Consult your financial advisor to see if giving appreciated stock will benefit you!  Please contact our office for the information you need to donate  stock.