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Shares 4 Hope

A gift of stock or mutual funds could be your best way to maximize tax savings and meet your charitable giving goals this year.

Even if your stocks have lost value since you purchased them, you can receive tremendous tax advantages. The key is in how you give the securities. Consult with your financial advisor and consider the following tips.

The smart way to give depreciated stock: for stocks that have lost value (depreciated) the key is to sell them first and then give the cash proceeds to Hoops 4 Hope. You benefit tax-wise in two ways – you can take both the loss deduction and the charitable deduction.

The smart way to give appreciated stock: for stocks that have increased in value (appreciated), the key to receiving tax savings is to donate the shares directly to Hoops 4 Hope. You receive a double tax benefit by:

  • Avoiding capital gains on the profit you’ve gained, and
  • Receiving a full tax deduction for the fair market value of your gift

Making a stock gift is easy! Download our Shares 4 Hope donation instructions.