Are you looking to donate stock and make a difference? Contributing stock to AdoptAClassroom.org gives the gift of a quality education to the next generation.
Donating appreciated securities like stock, bonds, or mutual funds is a great way to maximize your impact on nonprofits like AdoptAClassroom.org. 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 stock directly, your contribution to the charity and your tax deduction may increase by more than 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.
Donating appreciated securities can take up to three weeks to process. If you want to make a contribution within the calendar year for tax reasons, we recommend getting started at least a month prior to your intended donation date.
We’re here to help. If you have questions about giving stock or other ways you can make an impact, please contact our Development Director, Angie Harris, at [email protected].