Today is Stock Monday, and I want to share a resource that many of our dedicated supporters, like you, are using to make the most of their end-of-year donations. You can make a big impact with the Masonic community, while saving money in the process!
Did you know that donating stock is one of the smartest ways to give — and it benefits you while supporting the Foundation? Here’s why:
- You can save on taxes: When you donate your appreciated assets, you avoid paying the capital gains tax. If you itemize deductions, you can also take a charitable deduction for the entire donation amount.
- Now is the perfect time to donate: For your gift to be eligible for your 2021 tax return, you must give by December 31st, 2021.
- It only takes a few minutes: To make this process simple for you, this free online tool allows you to make this gift more quickly and easily than ever. After you provide some details about the assets you wish to transfer, you can either print and mail your forms, or donate entirely electronically — whichever you’re comfortable with.
Jumpstart your end of year giving by celebrating Stock Monday — and maximize your impact for the betterment of our communities, while minimizing your tax burden. I hope you find this information useful as you consider all of your options for giving.
Want to learn even more about the benefits of donating appreciated assets on Stock