On November 30th, the Dow climbed 332 points to finish above 24,000 for the first time in history. These unprecedented gains have led to a unique opportunity in charitable giving.
This is the time of year that many consider their year-end philanthropy. If you are in this category, making a gift of appreciated stock could be a good option for you. If you have owned a publicly traded, highly appreciated stock for more than a year, there are many benefits to giving it away.
Donating appreciated stock to a 501(c)3 organization allows you to avoid the capital gains tax, which in extreme cases could be as high as 23.8%. You can take a charitable deduction for the full fair market value of your stock on the day you give it away.
If the stock has depreciated, it’s better to sell it and make a cash gift. If you’ve held a security for less than a year, it’s better to keep it. If you’ve already made a significant gift relative to your gross income, a gift of appreciated stock could be less beneficial to your tax deduction.
Founded in 1997, the Foundation has a long track record of using private philanthropic support for special projects in Grand Teton National Park. From wildlife conservation, cultural resource preservation, youth engagement, to renewed destinations at Jenny Lake, your support makes a difference to all those who visit this beautiful place. It’s also an investment in the longevity of Grand Teton National Park.
Before giving the gift of appreciated stock, speak to your advisor about donating assets that have gained value and or consider starting a donor-advised fund.
For more information about contributing appreciated stock to Grand Teton National Park Foundation, please contact us at 307-732-0629 or firstname.lastname@example.org.