It may be more beneficial for you to use appreciated stock, bonds, or mutual fundsrather than cash because of potential tax savings.
Benefits:
Receive a charitable income tax deduction equal to the current fair market value in securities on the date of the gift, provided you’ve held them for more than one year.
If you sell appreciated securities, you’ll likely pay capital gains tax on the increase in current fair market value over the original cost which could cause you to lose a portion of the proceeds. By gifting those same securities to thye Foundation, you’ll avoid paying capital gains tax and the Foundation will be able to liquidate those securities and receive 100 percent of the proceeds from the sale.
A Foundation financial representative will contact you to discuss the procedures to ensure a smooth transaction.