The Justice Love FoundationIncrease your gift to the Foundation—and your tax deduction—with a simple strategy. Contact our Team for additional assistance.
Donating Stock and Securities to The Justice Love Foundation
By contributing the shares you may be able to eliminate capital gains tax exposure and take a larger charitable deduction .
Start Now by donating Stocks and other Traded Assets.
Start by making a much bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to The Justice Love Foundation. Thinking about donating cash, or selling your appreciated securities and then donating the after-tax proceeds? You may possibly be able to automatically increase your gift and your tax deduction by donating the stock, bonds, and mutual funds directly to the Foundation.
How does it work?
It’s simple and easy. When you donate stock to charity, you’ll generally take a tax deduction for the full fair market value. And because you are donating stock, your contribution and tax deduction may instantly increase over 20%. And whether you prefer to donate stocks, bonds or mutual funds the same benefits apply.
A larger gift and a larger deduction.
Consider this example of donating stock to The Justice Love Foundation.
Tax benefits of donating stock to charity
This assumes all realized gains are subject to the maximum federal long-term capital gains tax rate of 20% and the Medicare surtax of 3.8%, and that the donor originally planned to sell the stock and contribute the net proceeds (less the capital gains tax and Medicare surtax) to charity.
Total Cost Basis of Shares is the amount of money you have invested in the shares of a particular fund or individual security. It represents the basic dollar amount that, when compared to the price at which you sell your shares, tells you how much of a capital gain or loss you have realized.
This assumes all realized gains are subject to the maximum federal long-term capital gains tax rate of 20% and the Medicare surtax of 3.8%. This does not take into account state or local taxes, if any. And, the amount of the proposed donation is the fair market value of the appreciated securities held more than one year that you are considering to donate.
Donating stock to our Foundation: It’s a Great choice
Selling stock and donating the proceeds seems like the easiest option. Considering establishing a private foundation? Others have considered that option, but to make the donation instead, the donors receives a higher tax deduction. The tax deduction for giving stock to the private foundation would be limited to 20 percent of their adjusted gross income, while for a public charity, the deduction limit was 30 percent—a significant difference for most taxpayers.
What could this extra funding mean for the Foundation?
While you are able to lower your tax exposure, the larger grant allows the Foundation to expand it’s giving providing more funds for needy causes than have been able to if you had sold the shares and donated the net proceeds.
Donating stock to our Foundation: It’s an excellent choice
Determine whether the contribution prior to the sale would result in an anticipatory assignment of income. If the IRS determines that the sale was prearranged, you may lose the ability to take a tax deduction and be required to pay capital gains tax.
- Provide more money to the Foundation
- Eliminate capital gains tax exposure
- Take a tax deduction
Let Our Donations Team Assist with a Plan
Nearly half of high-net-worth donors do not take advantage of tax-saving methods that could help them save and give more. Let our Donations Team help you with the opportunity to position yourself by having a quick conversation on the best structure for charitable giving to the Foundation. Please take your time and submit your questions below, we will respond as quickly as possible.
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Stocks, Bonds and Mutual Funds.
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You an even make a recurring donation!