Donating stock or mutual funds to the Pennsylvania SPCA may be the most tax-advantaged gift strategy for your situation.
Consider the benefits by comparing a $5,000 outright gift of cash and a $5,000 gift of appreciated securities:
Charitable Deduction: Both gifts entitle the donor to an income tax charitable deduction for the full value (in this case: $5,000).
Capital Gains Tax Avoidance: By donating publicly traded securities or mutual fund shares that have been held for longer than one year, the IRS allows you to make the transfer without realizing any capital gains in the asset transferred.
This additional benefit allows you to make a tax-advantaged gift even if you do not itemize your tax deductions.
If you would like to learn more about giving securities to the PSPCA or are looking for transfer instructions to make your gift, please reach out to Deborah Bowles (Chief Development Officer) by phone at (267-463-2321) or by email: dbowles@pspca.org.
Because the PSPCA is a non-profit, we do not offer tax advice. We suggest that you work with your financial and tax advisors to consider what type of gift makes the most sense for your situation. Of course, we are always happy to work with you and your team to determine the best strategy to achieve your charitable goals at the PSPCA.