Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to The Salvation Army - Western Michigan Northern Indiana.
Benefits of gifts of stocks and bonds
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
How to make a gift of stocks and bonds
By electronic transfer - Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to The Salvation Army - Western Michigan Northern Indiana.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
Donate Stock to Fund a Life Income Gift
Turn your appreciated stocks or bonds into income for life! Did you know that you could use stocks or bonds towards a charitable life income gift such as a gift annuity or charitable remainder trust? By doing so, you'll receive a charitable income tax deduction, reduction in capital gains taxes and income you can count on into retirement. Visit our charitable gift annuity page to learn more about life income gifts. Click here for more information.
More on gifts of stocks and bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.