The following is an illustration of how this type of donation works.Phil owns virtually all of the stock in a company he founded as a young entrepreneur. Its current valuation is $2 million. Phil's cost basis is zero because his original investment has long since been written off for tax purposes.The corporation has $200,000 in retained earnings, and Phil is concerned that the IRS may question the retention of this amount and decide to impose a second tax on it. Moreover, he has wanted to make a major contribution to us. So, Phil gives us $200,000 worth of his stock, and both he and PETA accomplish their goals.Phil's Tax Benefits
To learn more about supporting PETA and animals today with a gift of closely held stock, contact Tim Enstice at 757-962-8213 or email@example.com.
Almost all of us grew up eating meat, wearing leather, and going to circuses and zoos. We never considered the impact of these actions on the animals involved. For whatever reason, you are now asking the question: Why should animals have rights? Read more.