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Contribute Stocks & Bonds
Why Donating Stocks and Bonds is Good Stewardship
If you are buying and selling stocks, bonds or mutual funds each
year, even occasionally, and are not using those assets to give to
charity, you are missing a great opportunity. From a financial
vantage point, this is exactly the same as selling your appreciated
assets and giving the cash proceeds to charity.
However, when you compare giving stock versus selling it and
giving cash to charity, your tax savings, and therefore your
ability to give, can be substantial.
You can give more by making your gift in the form of stocks, bonds
or mutual funds rather than giving cash. In dollar terms, this
means you could give additional funds for the same after-tax cost
to you as giving cash and continuing to sell your appreciated
assets rather than use them for charitable gifts.
.
Here's How it Works
Many people who invest in stocks, bonds and mutual funds have
been blessed as their investments have increased in value. If those
appreciated shares are sold, the owner must pay a Capital Gains tax
that can be quite large. But, if the donor has owned the stock for
more than a year, and transfers the shares to Billie Hardee Home
for Boys, the Capital Gains tax is avoided completely. As an added
bonus, the full value of the stock becomes a current income tax
deduction for the donor.
If, for example, shares of stock that a donor bought for $2,500
are now valued at $10,000, and the donor transfers the stock to
Billie Hardee Home for Boys before selling it, the result is a
$10,000 gift to BHHB that actually cost the donor only $2,500. The
donor is able to deduct the full $10,000 on their current year's
income tax return. What's more, some people may want to use the
income tax deduction from their stock gift to shelter the gain on
the sale of other appreciated securities.
For More Information
By Donating Stock and Mutual Fund Shares to BHHB, you make it
possible for us to continue our calling and provide a place where
hope and healing begins for many South Carolina boys and their
families ... and, you can enjoy the added benefit of reducing your
Capital Gains Tax.
Of course, the explanation and examples provided here are for
illustrative purposes only. You should consult with your tax
advisor to determine the actual tax savings and benefit available
to you when making gifts of cash or stock to charity.
* This is a printer friendly version of the original page, made to save you ink and paper.
Contribute Stocks & Bonds
Why Donating Stocks and Bonds is Good Stewardship
If you are buying and selling stocks, bonds or mutual funds each
year, even occasionally, and are not using those assets to give to
charity, you are missing a great opportunity. From a financial
vantage point, this is exactly the same as selling your appreciated
assets and giving the cash proceeds to charity.
However, when you compare giving stock versus selling it and
giving cash to charity, your tax savings, and therefore your
ability to give, can be substantial.
You can give more by making your gift in the form of stocks, bonds
or mutual funds rather than giving cash. In dollar terms, this
means you could give additional funds for the same after-tax cost
to you as giving cash and continuing to sell your appreciated
assets rather than use them for charitable gifts.
.
Here's How it Works
Many people who invest in stocks, bonds and mutual funds have
been blessed as their investments have increased in value. If those
appreciated shares are sold, the owner must pay a Capital Gains tax
that can be quite large. But, if the donor has owned the stock for
more than a year, and transfers the shares to Billie Hardee Home
for Boys, the Capital Gains tax is avoided completely. As an added
bonus, the full value of the stock becomes a current income tax
deduction for the donor.
If, for example, shares of stock that a donor bought for $2,500
are now valued at $10,000, and the donor transfers the stock to
Billie Hardee Home for Boys before selling it, the result is a
$10,000 gift to BHHB that actually cost the donor only $2,500. The
donor is able to deduct the full $10,000 on their current year's
income tax return. What's more, some people may want to use the
income tax deduction from their stock gift to shelter the gain on
the sale of other appreciated securities.
For More Information
By Donating Stock and Mutual Fund Shares to BHHB, you make it
possible for us to continue our calling and provide a place where
hope and healing begins for many South Carolina boys and their
families ... and, you can enjoy the added benefit of reducing your
Capital Gains Tax.
Of course, the explanation and examples provided here are for
illustrative purposes only. You should consult with your tax
advisor to determine the actual tax savings and benefit available
to you when making gifts of cash or stock to charity.
All rights reserved. Copyright 2010 - 2011, Billie Hardee Home for Boys
Billie Hardee 
