Ways to Give
Give Appreciated Stock
Giving stock that has grown in value is one of the most tax-efficient ways to support Together For Hope. When you give shares you have held for more than a year, you can generally deduct their full market value and avoid capital gains tax on the growth.
Why give this way
- You avoid the capital gains tax you would owe if you sold the shares yourself.
- If you itemize, you can generally deduct the full market value of the shares on the day they arrive.
- Your gift goes further, because the full value reaches TFH’s work rather than part of it going to taxes.
How to make your gift
- Email natalie@tfhope.org for our transfer instructions.
- Ask your broker or financial advisor to transfer the shares electronically to Together For Hope’s account. Please don’t sell the shares first; selling them yourself creates the capital gains tax this gift avoids.
- Let us know your gift is coming. Email natalie@tfhope.org with your name, mailing address, the name of the stock, the number of shares, the expected transfer date, and whether you would like it to support a specific region.
Good to know
- Shares must reach our account by December 31 to count for this tax year. Transfers can take a week or more, especially near year-end, so please start early.
- For tax purposes, the value of your gift is generally based on the share price on the day the shares arrive in our account.
- Shares held for one year or less don’t receive the same treatment; the deduction is generally limited to what you paid.
- If a stock has lost value, consider selling it yourself and giving the cash. That way you can claim the loss on your taxes.
- Mutual funds and privately held stock take longer to transfer and may need approval first. Please contact us before starting one of these gifts.
Questions?
Natalie Aho, our Chief Development Officer, would be glad to help.
This information is general and is not tax or legal advice. Please talk with your tax or financial advisor about your situation.