A charitable contribution of long-term appreciated securities — i.e. stocks, bonds and/or mutual funds that have realized significant appreciation over time — is one of the most tax-efficient of all ways to donate to MANNA. This method of giving has become increasingly popular in recent years, and there two key advantages:
- Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago, and have a current value greater than their original cost) may be donated to MANNA and a tax deduction taken for the full fair market value of the securities — up to 30% of the donor’s adjusted gross income.
- Since the securities are donated rather than sold, capital gains taxes from selling the securities no longer apply. The more appreciation the securities have, the greater the tax savings will be.
That’s why most financial planners and institutions consider donating appreciated securities a win-win for donors and charities alike. If you are looking to maximize the power of your charitable contributions — to make a single asset make more of a difference to the charitable causes you care about — consider donating your long-term appreciated securities.
If you are interested in donating stock or are considering other charitable giving options, please contact Donna Ensley @ 299-3663 ext. 243 or densely@MANNAFoodBank.org