Tax efficient ways to give
Donating stock to Second Harvest Heartland is a meaningful, effective way to fulfill one of life's most basic needs — making sure people have enough food to feed themselves and their families. Donating stock makes good financial sense as well. Giving stock held more than 12 months offers two-fold tax savings:
- You avoid paying capital gains tax on the increase in value of your stock.
- You also receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent option for stock that has appreciated substantially in value.
Stockbrokers require instructions in writing to transfer shares. Provide one copy of the form to your stockbroker, and mail or email one copy to us at Second Harvest Heartland (address and email provided on the form).
For your particular circumstances, please consult your professional tax advisor. For questions regarding making a gift to Second Harvest Heartland, contact us.