Donations of Stocks, Bonds and Mutual Fund Shares

Donating stocks, bonds, or mutual fund shares is an especially attractive option if you've held these securities for a year or more and they've increased in value since you acquired them. If you donate securities under those circumstances, the benefits to you are:

  • you're not liable for capital gains taxes you'd have to pay if you sold the securities outright,
  • you don't have to pay brokers' sales commissions,
  • you still get a tax deduction for the securities' full market value. (Generally, you may deduct donations totaling up to 30% of your adjusted gross income in any year, with a five-year carry-over for any excess.)

The benefit to PVAS is that we receive a larger donation than we would if you sold the securities and gave the net, after-tax proceeds to us.

How to make a donation:

  • To handle donations of stocks, bonds and mutual fund shares, PVAS maintains a Fidelity Brokerage Account at Hoxton Financial, Inc., in Shepherdstown, WV. Most transactions can be handled easily by electronic transfer.
  • For details on how to make such a donation, or for further information, email  Kristin Alexander  or call 304-676-3397.

Please remember the following:

  • As with any charitable donation, you can only deduct donations of securities if you itemize deductions on Schedule A of your Form 1040.
  • And be sure to consult your accountant, tax attorney or financial advisor if you have questions about the impacts of a particular donation on your current tax situation.

 
 


  
          © 2014 Potomac Valley Audubon Society

              P.O. Box 578 • Shepherdstown, West Virginia 25443
              phone // 304-676-3397

Kristin Alexander, Executive Director
phone // 304-676-3397 
Kristin@potomacaudubon.org

Ellen Murphy, Program Director
phone // 304-676-8739 
Ellen@potomacaudubon.org

Krista Hawley, Adult Program Coordinator
phone // 304-876-8471
AdultPrograms@PotomacAudubon.org
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