Stock donations to charity are a smart way to give back to your community. A stock donation can enable you to give more, save on the capital gains tax, and rebalance your income portfolio.
Plus, we make it easy to make a charitable donation in the form of donated stock. In just a few minutes, you can change lives in San Diego.
What does it mean to donate stock?
Your broker can assist you in making a gift of non-cash assets via a direct transfer to Father Joe’s Villages.
Giving a gift of publicly-traded stock that has increased in value and that you have owned for more than one year may provide greater capital gains tax benefits than cash donations.
What is the process for donating stock to charity?
Talk to your broker about what stock donation works best for you and can make the greatest impact.
Then, contact a Gift Officer at stocks@neighbor.org or 619-446-2112. We will provide the information you need to make your transfer and issue a tax deduction receipt.
Father Joe’s Villages will put your generosity to work by serving those in need.
What is the tax benefit for donating stock?
Your charitable income tax deduction is equal to the fair market value of the stock lowering your taxable income.
You also avoid paying the capital gains tax on any increase in the current value over the original cost of the appreciated stock in the tax year of the donation.
In addition to the tax savings, you may also save by avoiding brokerage fees because you are transferring ownership of the asset rather than selling the stock.
How much time is needed to process stock charitable donations?
Try to plan your year-end stock gifts early.
The transfer of charitable gifts must be completed by December 31 to obtain a deduction for the current tax year.
For example, for tax purposes, electronic transfers from your brokerage account are recorded on the day it is received by the charity, not when you approve the transfer.
Our Gift Officers are ready to help coordinate your gifts of stock to Father Joe’s Villages, in collaboration with your stock broker or financial advisor.
We’re happy to help.
Please reach out to stocks@donation.org or contact 619-446-2112 to coordinate your charitable donation of stock.
Your generosity allows Father Joe’s Villages to provide safe shelter, housing, medical and dental care, employment services and therapeutic childcare for neighbors from newborns to the elderly, and everyone in between.
Your donation will make a substantial difference in the lives of neighbors working to overcome homelessness and build a brighter future for our whole community.
Thank you for caring about our neighbors in need.
