Rather than donating money upfront, donate stock that you've been holding onto!
Here are the benefits of donating stock:
- Avoid high taxes. When you redeem a stock that has increased in value, you must pay capital gains tax on the profit you've made. Donating stock allows you to avoid this tax while not impacting your cash flow.
- Fit us into your yearly tax plan. Donating stock doesn't cut into your disposable income or cash assets. In addition, you may be able to take a tax deduction!
Giving stock is easy! Simply click "Donate Stock", and Stock Donator will walk you through the rest. You'll receive a receipt for such donation for your taxes.