RHK Endowment Fund: Did You Know?

Rock House Kids established an endowment in 2024 with the goal to provide long-term financial support to the organization. In addition to the long-term purpose, the endowment can also provide short-term financial assistance under direction from the board and assist with grant applications whereby qualification requirements entail the non-profit have an endowment established.

The RHK Endowment also provides the ability for donors to donate stock, ETFs (Exchange Traded Fund), or mutual funds to RHK. This allows for a charitable deduction to the donor, while also eliminating capital gain and associated capital gains tax from the sale of the security An ideal security for this strategy is one that is highly appreciated and/or has an unknown basis. To help maximize the tax benefits, the donor should transfer the appreciated securities directly to the RHK Endowment and should not sell the securities first to avoid paying long-term capital gain taxes (up to 23.8% federal tax + potential state tax).

Please advise your tax advisor for how donations of appreciated securities to RHK Endowment apply to your specific situation.

Donors can contact the RHK office to request the Stock Transfer Instruction Form.