Imagine making a gift to Vigilant Torch that not only supports our mission but also offers you significant financial benefits. By donating stocks, you can amplify your contribution while enjoying substantial tax advantages — benefits you might miss out on with a cash donation.
Why Donate Stocks?
1. Tax Savings: When you donate appreciated stocks directly to our nonprofit, you can avoid paying capital gains tax on the appreciation. This means more of your gift goes directly to supporting our cause.
2. Increased Deduction: You can also deduct the full market value of the stock at the time of the donation, potentially offering a higher tax deduction compared to donating the equivalent amount in cash.
3. Enhanced Impact: By giving stocks, you're able to make a larger contribution without affecting your cash flow or savings. Your donation can have a more substantial impact on our programs and services.
Stock vs. Cash Donations
Stock Donation: Avoid capital gains tax + Full market value deduction
Cash Donation: No capital gains tax benefits + Deduction only for the amount given
How It Works
When you donate stocks that have appreciated in value, you can avoid paying capital gains tax. You also receive a charitable deduction for the full market value of the stock, provided you've held it for more than one year.
Step-by-Step Process:
- Consult Your Financial Advisor: They can provide personalized advice based on your financial situation.
- Notify Us: Inform us of your donation so we can ensure proper acknowledgment and provide you with any necessary documentation for tax purposes.
- Initiate the Transfer: Contact your brokerage firm to transfer the stock to our organization’s account.
Thank you for your continued support and for considering this impactful way to give!
Contact Us
If you have any questions or need assistance, please reach out to us at finance@vigilant-torch.org. We are here to help make the process as smooth as possible.