Did you know that your gift of stock, which has appreciated for more than a year, is like giving 20% more than if you sold your stock and made a cash donation? That’s because if you donate your stock to a charity like ours, you won’t have to pay capital gains tax. In fact, you’re able to deduct the full fair-market value of the asset you donated from your income tax up to the amount allowed by the IRS.
“With costs rising so quickly at this time for food, shelter and gas, I recognize that these are desperate times for families in need and I am happy to do my part to assist my neighbors here in the Northland,” shared Joan, a recent generous donor to our work.
We make it easy to donate stock. Our Securities Gift Form allows your broker or trust representative to communicate your transfer to our investment firm. This wonderful opportunity allows a gift that benefits you and us.
This information is for illustrative purposes only and should not be considered investment, legal, accounting, tax or other professional advice.