If you’re looking to make an outright donation that has even more tax benefits, consider transferring appreciated securities or mutual bonds. You would avoid paying capital gains taxes on the stock and Defenders would immediately cash in the securities. Please note: if you were to cash in the securities yourself and then give those funds to Defenders, the capital gains taxes would be imposed.
Additionally, the tax deductible amount is based on the stock worth at the time of the transfer, so you could see even more tax benefits with a donation of appreciated securities than you would with cash.
Important Tip: Don't sell the stock first. Even though you may give us the proceeds as a gift, the IRS will impose capital gains tax on your sale, eliminating the benefits of this arrangement.
If you are considering a gift of stock, it is important that you contact us so that we can assist you with transfer instructions.