A Tax-Savvy Way to Benefit from Growing Assets
Have you considered donating appreciated securities? It’s a smart way to benefit from your growing assets and support our work at Longitude.
Securities and mutual funds that have increased in value and have been held for more than one year are excellent assets to use when making a gift to our organization. Donating securities or mutual funds not only offers you the chance to support our work, but it also has several benefits for you.
When you donate appreciated securities or mutual funds to Longitude, you can reduce or even eliminate federal capital gains taxes on the transfer. Additionally, you may be eligible for a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Securities are commonly used to support our mission in two ways:
- An outright gift: Donating securities to Longitude offers the same income tax savings as a cash donation but with the added advantage of avoiding capital gains taxes on the transfer (which can be as high as 20 percent).
- Transfer on death (TOD) account: By designating a TOD on your brokerage or investment account, the account will be paid to one or more persons or charities after your lifetime.
Talk to your broker about donating stock to Longitude and take advantage of the tax benefits offered or donate stock today!
To get started with your stock donation, click on the donate stock icon below.
