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Bridge of Hope National can receive stock donations. When you donate appreciated stock, you may receive significant tax advantages. Bridge of Hope National’s account is set up with Fidelity and can very easily receive your stock donation transfer.
Please don’t hesitate to contact if you have any questions or need clarification.
Donating stock directly to a charitable organization, like Bridge of Hope, can increase the amount of money received by the charity while reducing tax burden for the donor. When you donate appreciated securities (investments that have increased in value from the time they were purchased), some individuals and households may be able to take advantage of IRS tax provisions to claim a charitable tax deduction for the full, fair market value of the securities. This means you may avoid paying capital gains tax on the transfer.
Your financial advisor can explain the possible tax benefits depending on whether the stock has appreciated or lost value since the time you acquired it.
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