Own stock that’s increased in value (and that you’ve owned for at least one year)? You have a unique opportunity. If you donate your shares, you’ll receive the same tax savings that you would if you wrote Texas Parks and Wildlife Foundation (TPWF) a check… but with the added benefit of eliminating capital gains taxes!
Supporting the wild things and wild places of Texas through a gift of securities is as easy as instructing your broker to transfer the shares. The past decade has seen many swings in the financial markets, but you may still have appreciated stock in your portfolio that could be used to make a charitable gift to TPWF.
How a Gift of Stock Works
$25,000 today’s stock value
$10,000 stock purchase price
Selling the stocks:
$2,250: Capital gains tax owed ($15,000 x 0.15 capital gains tax rate for those in a tax bracket of less than 37%)
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Donating the stocks to TPWF:
$25,000: Income tax charitable deduction
$0: Capital gains tax
If you aren’t ready to give up your stocks during your lifetime, you can designate them as a gift in your will or living trust. You’ll have the flexibility to change your mind at any time, plus you can continue to receive dividends and participate in shareholder votes.
We are happy to work with your advisors to help you plan for tomorrow and receive maximum benefits today.
Take the Next Step
We can help clarify and document the steps to donate stock to Texas Parks and Wildlife Foundation. Simply contact Amy Allen at 469-895-9514 or aallen@tpwf.org today to see how this gift can be a win-win and keep Texas wild for generations to come.
Information contained herein was accurate at the time of printing. The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
