Donating appreciated securities like stock, bonds, or mutual funds is a great way to maximize your impact. Rather than selling your appreciated securities and donating the after-tax proceeds, a direct gift may increase your donation total and tax deductions.
Fidelity Charitable says if you donate appreciated funds directly your contribution and tax deduction may increase by 20%.
This strategy works best for investments that you have had for over a year and have not lost value. You will avoid paying a capital gains tax on the stock’s appreciation. If you have a financial advisor, they may be able to help you determine what options are best for you.
Making a Gift of Stock in Three Steps
- Determine which stocks you want to donate. If you have a financial advisor, they can help you determine the options that maximize your impact and tax benefits.
- Contact your brokerage firm or investment advisor for next steps. They will inform you of the exact steps necessary to send your stock to AdoptAClassroom.org. This will likely involve a transfer form.
- Let us know your donation is coming or ask questions. Contact VP of Development John Chandler at [email protected] or (612) 444-3467. He can assist you or answer questions.
If your schedule looks like ours, it’s jampacked. But don’t wait! Donating appreciated securities isn’t an instant process. If you’re looking to make a gift before the year ends, be sure to start sooner rather than later so you can complete the process before December 31st.
For questions about making a gift of stock please contact VP of Development John Chandler at [email protected] or (612)444-3467.
For general questions please email us at [email protected] or (877)384-0764.
Our Giving Guides will help you maximize your impact. Read more: