Receive a Tax Deduction for Using These as Gifts
Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to Timothy O’Farrell Recovery. Making a gift of securities or mutual funds to us offers you the chance to ensure people get the gift of life, grow up healthy, learning and safe while realizing important benefits for yourself.
Reduce or even eliminate federal capital gains taxes on the transfer, you may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
An outright gift. When you donate securities to Timothy O’Farrell Recovery, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
As a nonprofit organization, we share your values and take the same care when it comes to helping our donors plan charitable gifts to Timothy O’Farrell Recovery. When helping your clients with their charitable plans, and feel free to contact our advisor for more information or assistance.
Wells Fargo Advisors
Michael Y. Gage, CFP
Vice President – Investment Officer
8115 Preston Road, Suite 300
Dallas, TX 75225
Tel: 214-373-2748 / Toll Free: 800-527-1320 / Fax: 214-373-2788
Legal name: Timothy O’Farrell Recovery
Federal tax ID number: #47-1315793
Located in: Frisco, TX
Become a Lifesaver
We understand that gifts to charities such as Timothy O’Farrell Recovery can be an important part of your clients’ overall financial and estate plans. With this charitable planning process involving the donor, professional advisors and Timothy O’Farrell Recovery all working together to arrange the best gift possible.
When we visit a facility, we ensure that is has a strong foundation of recovery. Learn about our vetting process.
Our vision is to one day provide scholarships to trusted sober-living facilities to anyone who wants to get sober but doesn’t have the means to do so. Read about our mission.
Did you know that close to 100% of all money raised by Timothy O’Farrell goes straight to helping people get sober? Help us help others.