fbpx

Stock as a charitable donation

Have you considered appreciated securities or stock as a charitable donation? Donations to The Florida Bar Foundation may be deducted on your federal income tax return as an itemized deduction. And, donors may escape the unrealized gains on the donated stock.

Donors can send unendorsed stock certificates by registered mail or instruct their broker to make the transfer from their account to the Foundation’s account.

The Foundation then may keep or sell the securities.

The deduction for a donation of property to charity may be equal to the property’s current fair market value. And when the donated property is an investment, the donor often does not have to recognize the capital gain.

The result is a charitable deduction and avoiding tax on the unrealized capital gains of the donated property, stock or securities.

If you are considering donating appreciated stock from an investment portfolio instead of cash, view our sample letter to your broker by scanning this QR code with a QR code reader app:

The Foundation has been the grateful recipient of two stock donations from board member Carl Domino.

Domino’s combined donations of stock resulted in more than $20,000 for the Foundation.

Post a comment