Using Fidelity Charitable’s Giving account, gives you the ability to securely transfer a variety of assets directly to us from your account.

Physical Delivery
If you have physical securities, you can submit them either in person, via registered mail, or through a courier service to Reach. If these securities are registered under your name, you’ll be required to furnish an Irrevocable Stock/Bond Power Form.

Your broker can electronically transfer your securities to Reach using the below Electronic Transfer Authorization form.

Overview of Tax Benefits

Gifting stocks you’ve owned for over a year may provide you a significant benefit as a donor. Here’s why:

• You can get a tax break for the value of the stocks on the date of the gift.
• You won’t have to pay taxes on the profit from selling the stocks that would ordinarily become due if you had sold the securities on the open market and donated the proceeds from the sale to Reach.
• You can deduct up to 30% of your adjusted gross income for charitable donations. Any unused deductions can be carried forward over the next five years.
• It helps cut down on your taxes in the long run by reducing your income and estate taxes.

If your stocks have lost value and you want to donate them, it might be better to sell them first. Then you can claim both the loss and the donation on your taxes.

If you’re thinking about donating stocks that are about to be sold or merged, keep in mind you might still owe taxes on any profit.

It’s always wise to talk to a financial advisor before making any big donation decisions.

Questions?

Please reach out to Kate Bottiger, Executive Director, at 952-200-5746 or [email protected]

Go back to Ways to Give page.