Gifts of Stock and Securities
How to Donate Stocks to WMEAC
Each stock gift we receive strengthens WMEAC’s program work while providing tax benefits for supporters.
Just follow these step-by-step instructions to help you take advantage of this gift planning opportunity:
To get started with a donation of stock or securities, please send us an email at:
Why are stocks and other securities good charitable gifts?
Appreciated securities or mutual fund shares that you have owned for more than one year are excellent charitable gifts.
Donating stock or securities offers a number of benefits:
- A federal income charitable tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year;
- Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income;
- Avoidance of capital gains tax that is due when you sell appreciated stock.
Note: Stock owned for one year or less is considered a short-term asset and usually will not produce attractive tax benefits.
Also, if stock has decreased in value, selling it and making a cash gift to WMEAC is probably more beneficial. You can take a capital loss on federal taxes and still enjoy a charitable deduction up to 50% of your adjusted gross income.
This document does not constitute tax advice. We recommend that you consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific situation. We are available to you and your advisors to answer questions or help arrange a gift to WMEAC.