Consider making a gift of stock to notMYkid – speak with your financial advisor about the best assets to contribute. One of the key benefits of making gifts of stock, is being able to give up to 20% more AND avoid capital gains tax. This is a great way to increase your impact and help serve more youth and families in our community.

THE BENEFITS OF GIVE FIRST, THEN SELL

Sell First, then Give

Sells for $20,000

Gift to notMYkid

$15,716

Tax

$4,284

Capital Gains Tax 20%  |  NIIT 3.8%*

Applies to high income donors holding the stock for more than one year

*Stocks initially purchased at $2,000

– OR –

– OR –

Give First, then Sell

Sells for $20,000

Gift to notMYkid

$20,000

Tax

$0

NO Capital Gains Tax on charitable donation of stock

FAQS ABOUT DONATING GIFTS OF STOCK

  • When donating stock, you are able to claim a tax deduction for the full Fair Market Value of the stock you are gifting
  • 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.
  • You can reduce future capital gains taxes by donating some of your appreciated shares. Implementing a donation strategy puts your capital gains to work funding your philanthropy.
  • To be eligible for a charitable deduction for a tax year, donations of stock need to be received by the end of the year. Because different assets take different amounts of time to be transferred, you should initiate your transactions as early as possible.

 

If you are interested in making a gift of stock, please reach out to Amanda Schmidt. Aschmidt@notMYkid.org or 623/687.1844

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