This year, Stock Monday falls on November 28. And even though the market is volatile right now, it’s important to keep a long-term perspective especially when it comes to donating stock. First, market swings are normal, and second, some of your stocks may still hold significant appreciation after years of market growth. Donating this long-term appreciated stock to the Community Foundation can be very advantageous to your charitable giving. How? When you give stock, you can save money, give more at no additional cost, and make a larger impact on your community! In addition to avoiding capital gains taxes, stock donations are also tax deductible. So, if you itemize deductions from your federal income tax, you can deduct the donation from your taxable income. When you donate stock to CFAAC for causes you care about, your dollar will go further than if you were to sell the stock and donate cash. This is because the money you would have paid in taxes can instead go fully to your favorite nonprofits.  It’s a win-win!

Giving the gift of stock is not complicated with the help of the philanthropic advisors at CFAAC. Donate the gift of stock today. Call Rosemary at 410.280.1102 ext.103 or email Rosemary@cfaac.org for more information.

If you’re ready to make a gift yourself, see below for stock transfer information or give us a call to make a larger impact on your community than ever before.

Stock Transfer Information