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Stocks

Donating stock to Habitat for Humanity Cabarrus County

Increase your gift to charity—and your tax deduction—with one simple strategy.

Make a bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to charity. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction.

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%. Would you prefer to donate bonds or mutual funds? The same benefits apply.

Source: https://www.fidelitycharitable.org/giving-account/what-you-can-donate/donating-stock-to-charity.shtml