Donating appreciated equity can be a gift for both you and your favourite charity, Habitat Acquisition Trust!
Did you know you can donate gifts of securities can not only benefit your favourite charity (HAT) but also benefit you! Donating securities has the potential to help you realign your portfolio and give back to your community in a tax-efficient way that may have an even greater impact than if you were to sell your stock and donate the cash value after liquidating.
By donating securities, you can avoid the capital gains tax on the appreciated amount you would have incurred had you sold the stock, plus get a tax deduction for the full fair market value of your long-term capital gain asset (up to 30% of your adjusted gross income).
Another wonderful way to give: give stock through a Donor Advised Fund. This option presents the opportunity to grow your donation, tax-free.
To learn more about how you can contribute to HAT while benefitting from a tax deduction, talk to your Financial Advisor, contact our friends at Raymond James, and read this article on The Gift of Appreciated Stock, to ensure your gift of securities to HAT can make to strongest impact possible for conservation.
Raymond James is kind enough to provide this service free of charge, so your gift to HAT can make to strongest impact possible for conservation.
Photo by: Alanah Nasadyk