You probably already know that there are many ways the generosity of our supporters helps us achieve our mission of ending extreme poverty. But did you know that there are several different ways to give?
One of the many tax-savvy ways you can give to Concern is through our secure stock donation platform! Concern has partnered with FreeWill, a financial planning tool which can help guide your donation of appreciated stock to Concern Worldwide US in as little as 10 minutes, and also provide general information about the many tax benefits.
Donating your appreciated stock has the dual benefit of providing timely and critical support to Concern, while also offering you smart financial planning options:
- If you own appreciated stock and sell it, you generally have to pay capital gains tax on that value increase. But if you donate the stock to Concern Worldwide US, you skip this tax.
- If you’ve owned the appreciated stock for more than 1 year and itemize deductions on your tax return, you may be able to take a charitable deduction for the full fair market value of the stock.
As always, when making tax decisions it’s advised to consult your tax professional.
By donating securities, you can continue to drive the programs that turn your concern into action – creating a more secure future without extreme poverty for the most vulnerable communities around the world.
We are so grateful for your continued trust in Concern, and we hope you choose to turn your assets into an investment that will transform the lives of the world’s most vulnerable communities for generations.
Have a question about donating stocks? Or any other questions about maximizing your impact with a gift? Contact Kathleen Felesina, Development Director, at [email protected].
Disclaimer: This article has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.