Donating Appreciated Stock is One of the Easiest Ways to Give to KYRS!
Donating stock directly to KYRS Thin Air Radio is one of the most advantageous and tax-smart ways you can give. Here are four reasons to consider giving stock donation a try:
You can give more. The maximum federal capital gains tax rate is 20 percent on long-term holdings. But if you donate the stock directly to a charity, there’s no capital gains tax to pay. Plus, you are still eligible to deduct the full fair-market value of the asset you donated from your income taxes, up to the limits tax law allows. And remember, your appreciated assets can even include assets that are not publicly traded, like restricted stocks or crypto currency.
Reduce future capital gains. Donating appreciated shares and then buying new shares to reset your cost basis at the current, higher price will reduce your future capital gains tax exposure if the stock continues to grow in value.
Keep your portfolio healthy. If a review of your investment gains and losses shows that it’s time to rebalance your portfolio to maximize its performance and optimize for risk, donating stock can give your portfolio the health check it needs. Implementing a donation strategy puts your capital gains to work funding your philanthropy.
Donating stocks is easy:
1. You visit DonateStock.com, search for Thin Air Community Radio and submit an online donation form
2. DonateStock sends form to your broker and notifies you and Thin Air Community Radio
3. Your broker transfers stock to the Thin Air Community Radio account
4. Stock is received, reconciled, converted to cash and distributed to Thin Air Community Radio
5. You are notified the stock was received and are sent a receipt for the gift
If you’re curious about how you might put some of your appreciated stocks to work funding a charitable gift to Thin Air Community Radio, talk with your financial advisor, or visit DonateStock.com to learn more.