Do you own appreciated investments? Instead of donating cash, make an impact by donating long-term appreciated investments such as stocks, bonds, and mutual funds. Doing this can be one of the smartest ways to gift.
Consider the following benefits (the following example assumes you’ve held the investment for more than 1 year):
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Make a larger gift at a lower cost.
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Instead of selling the asset yourself and potentially incurring capital gains exposure, donate the asset directly to SOUNDS Academy.
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Potentially reduce current and future capital gains tax exposure.
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Receive income tax deductions. (This may be an option if you itemize deductions and meet other criteria. Consult with your tax professional on the deductibility of your gift.)
Transfer your investments by DTC through your broker. Click HERE for Instructions.
Please consult with your investment professional, a financial planner, or a tax consultant for information on the impact of this on your cost basis and future transactions before making a donation.
