Gifts of Stock

Giving Stock to The Buddy Program

Many people today include stocks in their investment portfolios. Gifting stock to a charitable organization can be an effective way for donors to support a cause they champion – and to receive tax benefits based on the value of the assets.

For instance, any securities you own that have appreciated in value will be subject to capital gains tax at the time they’re sold. If you were to sell the stock and use the proceeds to make a contribution, you would forfeit a sizable amount in capital gains tax. If, however, you donate the stock itself to The Buddy Program, you avoid the capital gains tax altogether…and the full value of the stock can be used as a charitable contribution, giving you a higher charitable deduction.

If you own securities that have declined in value, you may find it more beneficial to sell the securities first and then contribute the cash proceeds to The Buddy Program instead of gifting the shares outright. This strategy may allow you to claim a deduction for both the losses from the sale of the securities as well as the charitable gift.

Be sure to consult your financial advisor regarding the solutions that best address your investment and charitable objectives. As a 501(c)3 organization, The Buddy Program is eligible and equipped to accept gifts of stock; for more information, please contact, Kelly Voss, Director of Marketing and Development at 970.927.1001 or email her at Kelly@buddyprogram.org.