Donating stock or securities offers a number of benefits

1. A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year;
2. Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
3. Avoidance of capital gains tax that is due when you sell appreciated stock.  

If the stock has decreased in value, selling it and making a cash gift is probably more beneficial. You can take a capital loss on federal taxes and still enjoy a charitable deduction of up to 50% of your adjusted gross income.

Stock owned for one year or less is considered a short-term asset and usually won’t produce attractive tax benefits.

For more information on stock or cryptocurrency donations, please contact:

Jen Adams (Head of Donor Relations and CFO): lahafinc@gmail.com

OR
J. Jordan: greenwavefounder@gmail.com