In this category, you can offer vastrams (clothes) to the Gods and Goddesses on Saturdays, Sundays, Mondays, Thursdays, Fridays and Sankataharachaturthi. On any one of these days, the sponsor of this Vastra Seva will have an abhishekam and puja done in their name to the deity of their choosing. You can collect Seshavastrams by donating a nominal fee to the temple. The donation made in this category will only be used for this purpose. All donations are tax deductible as law permits.
For more information, contact – Info@sivakameswari.org
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Join SKT by Donating Stock
Membership is open to all regardless of nationality, ethnicity or religion.
SKT is a non-profit organization. Tax I.D. 83-1669026
If you prefer to donate online with a credit card, please click here.
Donating Appreciated Securities to Support SKT
While donating cash is the simplest and fastest method for many, the Vedic Spiritual Center (Sri Siva Kameswari Temple – SKT) allows you to make a new Donations with appreciated securities. Gifts of stock can provide you with potential tax advantages while supporting the Activities of SKT. If you have appreciated securities that have been held for at least one year, you can bypass the capital gains tax by donating them to SKT, while still getting the full tax benefit of the value of the stock you transfer.
Samir wants to donate $50,000 to SKT. After comparing the cash versus stock option, he learns that he will have tax savings of $6,000 with a gift of stock.
Cost = $50,000
Donate Appreciated Stock
Original cost of stock = $10,000
Current value of stock = $50,000
Capital gains tax saving = 15% capital gains rate * $40,000 gain = $6,000 tax savings
Cost after-tax-savings = $44,000 (Note: For capital gains tax savings, stock must be held by donor for at least year prior to donation)
How Do I Donate Appreciated Securities?
The process is simple! Provide your stockbroker with the stock name and number of shares you would like to contribute, along with SKT’s account information below:
For the benefit of
Then contact —- at ——— or email Info@sivakameswari.org who will confirm when your order has been successfully completed.
The information on this form is not intended to represent legal or tax advice or to substitute for such advice. Individuals should consult with their financial advisor and/or accountant on all legal and tax matters.
SKT retains the right to sell the securities after they have been transferred into our account.
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