Benefits of Giving a Gift of Stock
November 21, 2022
When considering a charitable gift, most people think of writing a check and may overlook other assets that allow them to provide greater support for the causes they care about. Gifts of publicly traded stock or mutual funds can make an ideal charitable gift for both the donor and the nonprofit. The Community Foundation of Northeast Iowa has years of experience helping people make gifts of stock and mutual funds to support their favorite causes. When you work with the Community Foundation, your gift of stock is reinvested in your community, and you qualify for an immediate tax deduction based on the full fair market value.
How it works
- You make a gift of appreciated stock to the Foundation.
- Your gift can be used to establish any of our charitable funds or can be used to make a gift to an already established fund. For example, you can use your gift to create a donor advised fund in your name, in the name of your family or business, or in honor of any person or organization you choose. You can then stay involved in recommending grants from the fund.
- Your gift qualifies for a tax deduction based on the full market value of your stock; you avoid the capital gains tax that would otherwise arise from the sale of the stock.
- We handle all the administrative details, including issuing grants to nonprofits in the name of the fund you establish. If you prefer, grants can be made anonymously.
- Your gift—and all future earnings from your gift—will be a permanent source of community capital, helping create good in the way you intend forever.
Contact our development staff to learn more about this stratetgy, or click here to start your donor advised fund online today!
