Many people at Hope choose to give by stock. Hope has an account with a local firm where assets are received and then sold. The proceeds are sent to Hope and then credited to your giving statement.
What type of securities?
Stock, mutual funds and bonds
Why donate securities?
Oft times you will receive a greater tax benefit than you would receive compared to selling appreciated securities and then donating cash. You may also avoid recording a capital gain in the security assuming the investment has appreciated and you have held the asset for more than one year. You should check with your tax professional before initiating any transfer of securities.
How does this work?
Donations of appreciated securities are recorded as charitable gift at the appreciated amount. You will receive a letter confirming the receipt and sell of the security. The value will be credited to your contribution record and acknowledged on your annual contribution statement.
What do I need to do?
In order to give you proper credit for your contribution, please notify us of the number of shares and the name of the stock(s) that you are transferring. Please contact Melinda Lestyan, Stewardship and Development Coordinator at firstname.lastname@example.org or 708-5330 ext. 119 for delivery instructions and with any questions regarding stock contributions.