Put your gains to good use

Everybody wins when you make a gift of appreciated stock to Galesburg Community Foundation. Your gift of stock is reinvested in your community and it may qualify for an immediate tax deduction based on the full fair market value.

By giving stock through the Community Foundation, you can avoid capital gains taxes that would be due as a result of its sale and establish a charitable fund that benefits the local causes and organizations you care about most. With gifts of appreciated stock, your stock market earnings translate into community impact, so you get a more rewarding return on your portfolio. You can support special programs for youth, seniors, or other people in need, address environmental concerns, or support the arts.

How it works

  • You make a gift of appreciated stock to the Community Foundation.
  • Your gift can be placed into any of our charitable funds. 
  • Your gift qualifies for a tax deduction based on the full market value of your stock; you avoid the capital gains tax that you would have to pay if the property was liquidated first.
  • We handle all the administrative details.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.

Choose a fund

If your gift meets the fund minimum, you have the opportunity to create a charitable fund in your name, the name of your family, or in honor of any person or organization you choose. Select one of the following fund types:

  • Impact Fund – Address a broad range of current and future needs. The Community Foundation awards strategic grants to select projects and programs.
  • Field of Interest Fund – Target your gifts to causes that are important to you. The Community Foundation awards grants to programs addressing your specific interest area.
  • Designated Fund – Support the good work of a specific nonprofit organization with a source of income, plus planned giving and investment management services.
Sarah Grant

Let's connect

To learn more about a gift of appreciated stock, call Sarah Grant, Director of Development, at 309.344.8898.

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Haley Sloss

Charitable Giving Coordinator

Short Bio

Haley provides support to enhance the function and success of the Charitable Giving and Affiliate Teams. She ensures donors receive a personal approach to philanthropy through outstanding customer service by supporting charitable giving for donors and fund holders across the state.