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Using Stock to Support Your Favorite Charities

Turning stock into a charitable gift is simple, with a fund at the Saint Paul & Minnesota Foundation.

Donating stock to a fund at the Saint Paul & Minnesota Foundation is simple and beneficial.

In most cases, stock can be transferred electronically from your brokerage account to your fund. When received, the Foundation sells the stock tax-free and your fund now has more available to be granted to your favorite charities. Last year, we helped donors make over 5,100 grants to the causes they care about.

Charitable Gifts of Stock Offer Significant Tax Benefits

When you donate stock to charity, the charitable income tax deduction is based on the fair market value at the time of the gift. This is especially useful if the stock has appreciated, because any associated capital gain is typically avoided. The receiving charity sells the stock tax-free and uses the sales proceeds to carry out their important work.

Gifts of appreciated, publicly traded stock may provide an income tax deduction and may also help you avoid capital gains tax. So, your after-tax cost of a stock gift may be less than a gift of cash.

The Foundation has a relationship with a brokerage firm to easily accept a transfer of publicly traded securities, and if you have closely held stock, the Foundation can work with you to determine how best to utilize that stock for your charitable giving.

Turning stock into a charitable gift is simple, and our team is here to walk you through each step of the process. In most cases, the transfer process takes only a few days.

Gifts of stock can also be used to establish other charitable giving tools. It is a very versatile asset.

Want to learn more?

We are here to help you give in a way that aligns your goals with the needs of your family and community.

Our team can help with everything from making a donation of stock or other assets like real estate, retirement assets, crops, artwork and farm equipment to identifying local nonprofits that support the causes most important to you. Learn more about how you can donate stock or other assets by speaking with one of our experienced gift planners. If you are a current fundholder, contact your philanthropic advisor today.

As a community foundation, we exist to make communities stronger. See how one of our newest fundholders, Mya, used our local expertise to fulfill her charitable goals.

The Saint Paul & Minnesota Foundation does not provide tax, legal or accounting advice. Please consult your own tax, legal and accounting advisors regarding your individual situation before engaging in any transaction.

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