Donating stock or securities offers a number of benefits:
- A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year;
- Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
- Avoidance of capital gains tax that is due when you sell appreciated stock.
Note: Stock owned for one year or less is considered a short-term asset and usually won’t produce attractive tax benefits. Also, if the stock has decreased in value, selling it and making a cash gift to the SPLC is probably more beneficial. You can take a capital loss on federal taxes and still enjoy a charitable deduction of up to 50% of your adjusted gross income.
EMMAUS is set up with Morgan Stanley to receive donations of investment assets.
How to Donate Stock
- Please reach out to Executive Director Joel Mitchell at jmitchell@streets.org or by calling 773-334-6063 with the name of the stock and the number of shares being transferred. This ensures the gift is properly credited and acknowledged.
- For further questions about making donations of appreciated stock, please don’t hesitate to contact our offices at 773-334-6063, or by emailing emmaus@streets.org.
- Physically held certificates can also be donated.