Ways to Protect Animals: Donate Stock
By Kara King
By considering this alternative form of giving, you not only support World Animal Protection, but you can also unlock potential tax benefits and maximize the impact of your generosity.
When it comes to protecting and improving the lives of animals worldwide, donating stock can be a powerful and strategic way to make a difference. By considering this alternative form of giving, you not only support World Animal Protection, but you can also unlock potential tax benefits and maximize the impact of your generosity. Let’s explore why donating stock is a choice worth considering.
Amplify Your Giving
Donating appreciated stock allows you to amplify the impact of your charitable contribution. By gifting stocks that have experienced significant appreciation over time, you can provide a more substantial donation than if you were to sell the stock and donate the cash proceeds. This means that your generosity can have a greater ripple effect.
One of the key benefits of donating stock to World Animal Protection is the potential for tax advantages. When you donate appreciated stock that you have held for more than one year, you may be eligible for a tax deduction equal to the fair market value of the stock at the time of the donation. This deduction can help lower your taxable income and potentially reduce your tax liability, freeing up more resources for charitable giving.
Capital Gains Tax Savings
By donating stock directly to World Animal Protection, you can potentially avoid paying capital gains taxes that would be incurred if you were to sell the stock yourself. This means that more of the value of your investment can go towards creating a world where animals are cherished, protected, and free from suffering. Avoiding capital gains taxes can be particularly advantageous if you hold stocks with significant appreciation or if you’re in a higher tax bracket.
World Animal Protection has partnered with FreeWill to streamline the process of donating stock. Our free stock-giving tool makes it easy to learn more about the potential tax savings from donating stocks, access our transfer information, and guides you through the necessary paperwork in less than five minutes.
Diversification and Portfolio Management
Donating appreciated stock can also provide benefits in terms of portfolio diversification and management. If you hold a large position in a particular stock and wish to reduce your exposure or rebalance your portfolio, donating some of the stock allows you to achieve those objectives while shaping a future where animals are treated with kindness, compassion, and respect. This approach can be particularly advantageous for investors seeking to align their philanthropy with their investment strategy.
Donating stock is a powerful way to make a meaningful impact while leveraging potential tax benefits. World Animal Protection relies on the generosity of individuals to continue our life-saving work. Together, let’s unleash the power of donating stock and rewrite the story for animals.
When considering donating stock, it is essential to consult with financial advisors and tax professionals who can guide you through the process and help you maximize the benefits of your giving.