Interested in investing in the future of our youth?
Enjoy playing the stock market?
Then Boys & Girls Clubs of Springfield’s
Invest to Invest Group is for you!
The Invest to Invest program was created in order to generate a new source of funds for the youth programs of the Boys & Girls Clubs of Springfield, serve as a tool to teach business basics to Club members, and provide a friendly competitive venue for the Invest to Invest Group members.
How does it work?
To participate, simply select a publicly traded stock that you believe will appreciate in value over the next twelve months. The stock can be one you already own, or one that you will buy specifically for this competition. The number of shares you financially commit to the Boys & Girls Clubs of Springfield should have a market value of approximately $1,000. If the stock increases, current tax laws allow you a tax deduction for the total market value of the stock without paying capital gains tax.
Group members’ stock prices will be tracked monthly and reports are sent to all participants via e-mail.
The member whose stock increases the most in value after one year will be declared the winner.
Prizes are awarded for the first, second, and third place!
If you are interested or would like more information please contact Chris Whitehead at 417.862.9249 x113 or firstname.lastname@example.org.
Estimated net costs with the NAP tax credit program:
|Gross Contribution Amount||$1000.00|
|Estimated Federal Tax Deduction||($350.00)|
|Estimated Missouri Tax Deduction||($59.00)|
|NAP Tax Credit||($500.00)|
|Itemized Deduction Adjustment||$196.00|
|Total Tax Savings||($713.00)|
|Estimated Net Cost of Contribution||$287.00|
*Estimated Federal Tax Savings are based on an assumed 36% Federal Tax. *Please consult with your CPA to determine your exact tax savings.
2016 winners will be announced soon! A big thank you to all participants.