WAYS TO DONATE
At Parkinson Research Foundation, we rely on donations from people like you to help make research and services available to the millions here in the US and abroad who need it. We’d like to make it easy for you to donate in whatever way is most convenient for you.
Phone, Mail or online
Phone: To speak to a Donor Services representative, simply call 941-870-4438.
Mail: Send your check or money order payable to: Parkinson Research Foundation 5969 Cattleridge Blvd Suite 100 Sarasota, FL 34232 Your donation is deductible the day you write the check.
Stocks, Securities, Mutual Funds and IRAs
Donating stock and mutual fund shares are wonderful ways to help. Making a gift of securities is simple and offers a number of valuable financial benefits:
You can donate appreciated stocks, bonds or mutual funds
The total value of the stock upon transfer is tax-deductible
There is no obligation to pay any capital gains taxes on the appreciation
Stock Transfer Information:
Investment brokerage: Fidelity Investments (Phone number if needed: 800-544-6666)
Account Name: Parkinson Research Foundation, Inc.
Account #: Z50054607
Other Options: Workplace Giving
Ask for a Payroll Deduction
Payroll deduction is one of the easiest ways to support Parkinson Research Foundation or Parkinson Place. Simply ask your human resources department to automatically deduct funds from your paycheck on a one-time basis, or recurring each pay period.
Launch a Giving Campaign
Want to get your employees fired up about donating to the Parkinson Research Foundation? Launch a workplace giving campaign!
Ask about Matching Gifts
Your company might match your gift! Many employers double, even triple charitable donations. Some companies also match gifts made by retirees and/or spouses.
Charities: Give Stocks Instead
Put away your checkbook and donate appreciated securities instead.
By Sandra Block, November 27, 2013 (Kiplinger Newsletter)
’Tis the season to share your bounty with the less fortunate or to support your favorite cause. If you’re in a charitable mood, consider donating appreciated securities –stocks or mutual funds — instead of cash. When you give $1,000 in cash, you get to deduct $1,000, and that saves you $250 in the 25% bracket. (Any state-income-tax savings are gravy.)
But let’s say you have $1,000 worth of mutual fund shares that you bought more than a year ago for $500. If you sell the shares, you’ll owe $75 in tax on the profit, even at the preferential 15% capital-gains rate. But if you donate the shares, the charity gets the full $1,000 (it doesn’t have to pay tax on the profit when it sells), you avoid the $75 tax bill, and you still get to deduct the full grand. It’s a win-win-win situation.
This gifting strategy does not work for investments that have lost value. For example, if a stock that you bought for $1,000 is now worth only $400 and you donate it to a charity, your deduction will be limited to the current $400 value. At that point, you would be better off selling the stock, making a tax-deductible contribution of $400 in cash to the charity and claiming a $600 capital loss. You can use your capital losses to offset your capital gains, and after that, you can use up to $3,000 of capital losses to offset ordinary income. Any excess losses can be carried forward to use in future years.
What if you don’t want to part with your investment? Give it away anyway, and use the cash you would have donated to reinvest. The maneuver is perfectly legal and simply wipes out the tax bill that has built up so far and establishes a new basis. (This applies only to your taxable accounts, not to your tax-deferred retirement accounts.)
Giving appreciated securities sounds like a maneuver for the wealthy, but it can pay off for philanthropists of more modest means, too. The charity you plan to help should be more than willing to fill in the details. Time is running out, though, and it will take a little longer than writing a check. The transfer of ownership has to be completed by December 31 to lock in the deduction for your 2013 return.