The Salute Veterans Inc accepts donations of publicly traded stocks that are listed on the NYSE and or NASDAQ. Stock donations can be tax deductible, however, the tax benefits of donating stock are only available for those stocks which have been held for more than a year and have appreciated in value.
By donating stock that has appreciated for more than a year, you are actually giving 20 percent more than if you sold the stock and then made a cash donation. The reason is simple: avoiding capital gains taxes. … But if you donate the stock directly to a charity, there are no capital gains tax to pay. Please contact your accountant or tax professional for your specific situation.
Donating through our partner, Stock Donator, is FREE and you will receive a receipt for the FULL VALUE of your donations.
Donating Appreciated Publicly Traded Securities to Charity
For philanthropically-minded investors, publicly traded appreciated stock can be among the most tax-advantaged items to donate to charity. Contributing such assets may enable the donor to potentially eliminate capital gains tax liability on the sale of the assets, enjoy a current year tax deduction, if the donor itemizes, while allowing the charities they support to receive the most money possible… Read More…
Making Charitable Donations Of Stock Instead Of Cash After Tax Reform
If you’re charitably inclined and hold meaningful amounts of appreciated stock, such as shares acquired from a stock option exercise, restricted stock/RSU vesting, or ESPP purchase, donating stock instead of cash can be a smart tax-planning move. Given the changes in the rules for itemized deductions under the Tax Cuts & Jobs Act (TCJA), stock donations can reduce your taxes by giving you total deductions that exceed your new increased standard deduction amount. Read More…
Increase your gift to charity and your tax deduction with one simple strategy.
Make a bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to charity. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction. Read More…