Donating Stock

How to transform your stock investments into helping others

How does donating stock work?

Donating stock to charity is an increasingly popular way to give, especially for individuals with appreciated assets in their investment portfolios. This strategy offers several financial and tax benefits for both you and Life Interrupted Foundation.

HOW TO DONATE

Choose what type of stock and how many shares you want to donate.

Contact your financial institution to request the transfer.

Provide your advisor or broker with the following wiring instructions:

Look for a tax receipt and acknowledgment letter from Life Interrupted Foundation

DTC # - 0015

Account # 334-018956

Account Name – Life Interrupted Foundation Inc at The Pelican Bay Group Wealth Management at Morgan Stanley

**Life Interrupted Foundation does not provide tax, legal or accounting advice. This material is prepared and made available to you for informational purposes only and is not intended to provide or be relied upon for tax, legal or accounting advice. You should always consult a tax professional to determine your particular tax benefits that may result from any particular type of gift to charity.

I want to donate stock..

Why is donating stock beneficial?

Benefit

When you donate appreciated stocks directly to a qualified charity, you can claim a charitable tax deduction for the fair market value of the stock at the time of the donation.

Why It’s Beneficial

If you had sold the stock, you would have to pay capital gains tax on any appreciation. By donating the stock directly, you avoid paying capital gains tax on the increase in value and still get the same tax deduction as if you sold it and donated the proceeds.

Example

If you bought stock for $5,000 and it’s now worth $15,000, you can donate it to charity and receive a $15,000 deduction (the current fair market value), instead of paying capital gains taxes on the $10,000 appreciation and donating only the $15,000 net proceeds after tax.