The following is an illustration of how this type of donation works.Alvin and Susan are no strangers to philanthropy. Each year since they have been married they have faithfully donated to a qualified charitable organization. But five years ago they discovered how to continue their same level of generosity at a significantly reduced cost: They make annual gifts using securities that are worth more now than when they purchased the stock.
The SituationAlvin, a retired executive, was in the same position as many employees of successful companies: He and Susan owned a lot of stock in Alvin's former employer. Wanting to diversify their highly concentrated portfolio, they discovered that by selling the shares, they would face capital gains taxes. They soon learned, though, that there was a way to use their stock to its full value. The SolutionWhen Alvin and Susan started making their annual charitable gifts using appreciated securities, they realized several benefits:
How You Can Help When making charitable gifts using securities, see your investment broker to move the stock to your favorite charity. To discuss the good your gift could accomplish at PETA, please contact Tim Enstice at 757-962-8213 or email@example.com.
Almost all of us grew up eating meat, wearing leather, and going to circuses and zoos. We never considered the impact of these actions on the animals involved. For whatever reason, you are now asking the question: Why should animals have rights? Read more.