Get Involved
Gifts of Stock
Donate
stock to Farm Sanctuary and make the most of your contribution to
ending farm animal abuse. Many donors find it convenient to use
stock as a way of gifting their favorite charitable organization,
and there are tax savings benefits, as well.
If
you have owned a corporate or mutual fund stock for at least 12
months, and its appreciated in value, you can donate the stock
to Farm Sanctuary, a 501(c)(3) charitable organization, and deduct
its full market value without paying any tax on the long-term capital
gain. This benefits both you and Farm Sanctuary! You get an additional
tax deduction, and Farm Sanctuary receives a larger gift than if
you had sold the stock, paid tax on the gain, and given the remainder
to Farm Sanctuary.
For
example:
- You
purchased 200 shares of Stock A at $5/share in 2001.
- If
you donate 100 shares of Stock A, now worth $10/share, to Farm
Sanctuary in 2003, you pay no capital gains taxes and you receive
a $1,000 tax deduction.
Even
if your stocks have depreciated in value, donating them to Farm
Sanctuary can turn your loss into a win. Simply sell your stock
at a loss, make an equal donation to Farm Sanctuary, then claim
a charitable deduction for the gift and deduct the stocks
decrease in value from your income.
If
you transfer stock before December 31, you can claim the tax deduction
on your tax return! You should always check with your own tax advisor
before making a gift of stock or securities.
To
make a stock donation today, click
here for our secure stock donation form.
For
additional information, contact Farm Sanctuary at 607-583-2225
extension 237 or e-mail development@farmsanctuary.org.
Thank
you!
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