This is because, when you donate appreciated securities, you avoid capital gains tax on the amount of appreciation, and your gift ends up being greater in value than if you had sold the stock and donated cash from the sale. And, just like a cash donation, a qualified nonprofit won’t have to pay taxes on a gift of appreciated stock, either.
What are some rules of thumb for people who already give to charity and want to maximize the benefits for themselves and their favorite nonprofit organizations?
Speak with a financial professional if this seems like an attractive strategy. The Trust Company’s advisors are happy to explore whether it’s right for your unique financial situation and goals.
Lucy Williams, CFP®, Vice President & Trust Officer, specializes in wealth management for her clients with expertise in investment management, personal trust administration, and financial planning.
Our advisors are passionate about helping people achieve financial peace of mind. Contact us today to get the conversation started.
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