Gifts of Stock and IRA Transfers
​​​Gifts of Stock

If you own low-yielding stocks, mutual funds or other securities that are worth more than you paid for them, you can contribute them to CAMBA, get a tax deduction for the full current value, and avoid the capital gains tax you would have incurred if you had sold ​the assets outright. In effect, you are allowed to use the "paper profits" in the investment to make a larger gift to CAMBA than you can make from current income.

IRA Transfers

If you own a traditional or a Roth IRA, and are age 70 ½ or older, you can directly transfer up to $100,000 a year to CAMBA, without having to pay taxes on the withdrawal. NOTE: This rule does not apply to employer sponsored retirement plans.
1720 Church Avenue
Brooklyn, NY 11226
CAMBA is an equal opportunity employer/program. Auxiliary aids and services are available upon request to individuals with disabilities. All voice telephone numbers on this document may be reached by persons using TTD/TTY equipment via the New York State relay number 1-800-662-1220.

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