DOUBLE THE TAX BENEFIT BY DONATING SHARES OF PUBLICALLY TRADED APPRECIATED SECURITIES (HELD FOR MORE THAN ONE YEAR, OF COURSE!) TO CTO AND RECEIVE THE
By donating the shares in-kind to the Catholic Tuition Organization, you eliminate the capital gains on the securities. Otherwise, the capital gain is taxed if sold first followed by a cash donation to a charity.
For C-Corps: On your federal return, 75% of your donation is a regular business expense and 25% is a charitable donation.
Appreciated Stock: Donors do not pay capital gains tax when the appreciated sotck is given directly to CTO.
Any tax credits exceeding your current year Iowa Tax liability can be carried forward for up to five years.
All donors should seek advice from their tax planner to determine the tax benefits applicable to their situation.
The Donation Form is used for all pledges or contributions for any type of donor. Your social security or tax identification number is required in order to issue tax credits.
Pledge – you can pledge online or send in your pledge using the donation form.
Check – use the donation form and mail to CTO along with your check.
Credit Card – you can contribute online through this secure website or mail the donation form with your card information.
Stock – use the donation form to indicate you are donating stock and notify CTO of the name of the stock and number of shares donated
Total tax credits available each year are limited and are provided to donors on a first-come basis. We ask all pledges are paid no later than December 15th. After December 15th, reserved tax credits are released and available to any donor. To pledge, please Pledge Online or download 2021 Donation & Pledge Form.