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Toby was severely abused and neglected--going days without eating. He was also exposed to drugs and gun violence at a very young age. When he first moved in with his foster mother, he was a very shy 12 year old boy afraid of everything... the dark, bright lights, noises, sleeping by windows, etc. Now, he's a compassionate young man looking for his "forever family" that will adopt him.
Many donors to Barium Springs make outright gifts and pledges in the form of appreciated securities, rather than cash, in order to benefit from extra tax advantages. If you itemize, you are entitled to a charitable income tax deduction for the full value of your gift, provided you have owned the securities for more than 12 months. You avoid paying a tax on capital gains, which you would owe if you sold the securities. Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income.
To transfer stock electronically you will need the following information. Our broker is: Phyllis Walkowaik at Wells Fargo Advisors, LLC at (704) 442.6308 or (800).955.2522.
Please notify Barium Springs when a stock transfer has been made to our account, so we can properly credit your gift for tax purposes.