Gifting individual securities, such as stocks and bonds, with a gain in value known as low cost basis securities is an excellent way to give to a charity like THF and gives the donor some of the largest tax benefits available.
- Donor gets a charitable deduction for the current value of the securities.
- Donor does not pay capital gains tax on the increased value.
For example, you buy a stock for $100 and over time it appreciates to $200. If you sell it, you would be taxed on the $100 gain. If you donate the same $200 worth of stock to a charitable organization, there is a tax deduction for the full $200 and no tax is paid on the gain.
Your broker or financial advisor can wire the securities directly to:
- Account Name: Tsoknyi Humanitarian Foundation
- Fidelity Investments Account # 628-036363
- DTC #: 0226
We can assist with your contribution of mutual funds in addition to stocks and bonds. For assistance, please contact our Treasurer, Julie Green, at [email protected] or (970) 846-1016.
For assistance with future gifts of individual securities, please contact our Planned Giving Director, Michael Kunkel, at Michae[email protected] or (719) 239-1516.
It is important that you contact Julie Green confirming your name, transfer date, amount, number of shares to transfer, and the intended purpose of your donation.