A Tax-Smart Way to Make an Impact
Making a gift of appreciated stock to Texas Parks and Wildlife Foundation (TPWF) is an investment with real benefits. Aside from the potential tax advantages of making a generous future gift, you also gain the satisfaction of knowing that you are leaving a lasting impact on Texas’s wild things and wild places.
Many of our supporters do not realize that they can donate appreciated stock to TPWF to conserve our state’s wildlife, habitat and natural resources. With a charitable gift of appreciated securities held long-term, the donation you make and the deduction you get are greater than they would be if you were to sell the shares and donate the cash proceeds instead.
By design, investment portfolios fluctuate throughout the years. If you opt to sell investments that are worth more than what you originally paid for them, you must pay capital gains tax. Consider donating that stock to TPWF instead.
The Benefits of Gifting Appreciated Stock
By donating stock that has appreciated for more than a year, you are actually giving 15-20 percent more than if you sold the stock and then made a cash donation. You’ve avoided capital gains taxes, and TPWF puts that gift to work. You will still be eligible to receive an income tax charitable deduction for the full fair-market-value of the stock at the time of the gift.
Interested in learning more about how Texas Parks and Wildlife Foundation can help you plan for the future? Contact Susan Walters at 214.720.1478 or swalters@tpwf.org to start a conversation today.
This information is not intended as legal advice. For legal advice, please consult an attorney.
