The Stock Market can be unpredictable, but donating stock and securities may provide a tax advantage, whether your stocks have experienced gains or losses in value.
Benefits of donating appreciated stock:
- Taking a charitable deduction equal to the full market value of the donated shares for those itemizing deductions.
- Locking in investment gains prior to any potential stock market down-turn without having to pay capital gains tax.
- Using the donation to establish a Charitable Gift Annuity to generate income to you for the rest of your life.
If your stock has depreciated in value, selling your stock and donating the proceeds to Saint Agnes may allow you to take a capital loss and a charitable tax deduction.
When making a gift of securities, it is important that you arrange for a transfer of your securities to Saint Agnes School and not sell them yourself. While we recommend you consult your financial advisor before making a gift, stock transfers are simple to make and will provide you with the satisfaction of supporting the mission of Saint Agnes School.
Contact Business Administrator Mr. Joe Hermerding for transfer instructions or for more information.