Share Your Shares
A contribution of stock or mutual funds could be your best way to meet your charitable giving goals and maximize tax savings. If your stocks have lost value since you purchased them, you can receive tax advantages.
Check with your financial adviser and consider the following:
Giving Depreciated Stock
For stocks that have lost value (depreciated): sell them first and then give the cash proceeds to IARP. You benefit tax-wise in two ways, you can take both the loss deduction, and the charitable deduction.
Giving Appreciated Stock
For stocks that have increased in value (appreciated): When donating the shares directly to IARP, you will receive a double tax benefit: avoiding capital gains on the profit, and receiving a full tax deduction for the fair market value of your gift.
Please tell your broker to include your name, contact information, and any special instructions for use of the gift with your transfer. To expedite the processing of your gift, contact us with information about the type of stock and number of shares, as well as any special considerations you may have.
Please direct information about your gift and any other questions to Luke Wilcox at (605) 360-6020, or by email at luke@reconciliationproject.org.
