Stock and Mutual Fund Shares
Did you know that gifts of stock can give your family a tax benefit even in a fluctuating market? These gifts can reduce the capital gains you would pay without changing your portfolio.
Donating a charitable gift of stock or mutual fund shares is a great way to improve the lives of those with Parkinson’s disease and receive an end-of-the-year tax deduction. Some of the most favorable tax benefits are generated by contributions of appreciated, long-term, capital-gain securities.
You can donate shares of stock directly to a nonprofit of your choice, or choose to liquidate the stock into a Donor Advised Fund and issue grants from that account.
In addition to receiving a charitable deduction for the full, fair market value of such a gift, the donor escapes any potential tax on the capital-gains of the gift and any sales commission that would be payable upon the sale of the assets.
The example below illustrates a donor with $100,000 in long-term appreciated stock and an original cost-basis purchase price of $10,000:
Figure 1 – Image and example provided by the National Philanthropic Trust.
By donating the stock, this donor would have more available to give and less to pay in taxes. This strategy can allow donors to donate 20% more to the causes they care about!
Note: this illustration example assumes a 35% income tax rate, a federal long-term capital gains rate of 20%, and a Medicare surtax of 3.8%. This does not include any additional state taxes.
Many of our supporters choose to take advantage of this especially smart way to give.
To help you facilitate a gift of stock to the Parkinson’s Foundation, please use these instructions:
Step 1: Contact us for information on how to send securities or funds electronically.
We are here to help. Contact Alba Cortorreal at 646-388-7681 or DonorServicesGroup@Parkinson.org.
Step 2: Provide the following information during your call or in your email:
- Donor name, email, phone number and full address
- Name and number of securities transferred
- Intended dollar amount of transfer
- Date of transfer
- Restriction on gift (if any)
- For securities, please also provide the issuer, type (stock, bond, etc.) and security symbol.
Step 3: The Parkinson’s Foundation will send detailed instructions outlining where funds should be sent.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your benefits