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Help us ‘Stock’ our Shelves

Stock Donations: A Win-Win for All

GoodRoots Northwest / November 16, 2023

Are you still trying to decide if you are taking an RMD (Required Minimum Distribution)? You can now donate to us tax-free.  

You can now contribute to our organization while enjoying significant tax benefits. In this blog, we will explore the exciting world of nonprofit stock donations and how they are transforming the landscape of charitable giving, and how they will benefit us. 

Stock Donations: A Win-Win for All 

Traditionally, charitable donations have often been associated with cash or in-kind contributions. However, many donors may not realize that they can also donate stocks, bonds, or other securities they hold. This option provides a win-win situation for both donors and nonprofits. 

Tax Advantages: You (donor) can receive significant tax benefits when you donate appreciated stocks. When you donate stock that has increased in value, you may avoid paying capital gains tax and receive a charitable deduction for the full, fair-market value of the stock. This can result in substantial savings for you, the donor, while also supporting our work. 

More Significant Impact: Our organization benefits from receiving stock donations as we can sell the securities without incurring capital gains taxes. This means more resources are available to fund our programs and initiatives, furthering our impact in the community. 

How Stock Donations Work 

Donating stock to our nonprofit is a relatively straightforward process. Here is how it typically works: 

Contact us: Begin by reaching out to our organization. We will provide you with a ‘Gifts of Stock’ form to bring to your brokerage firm to complete.  

Transfer the Stock: You will need to transfer the stock electronically from your brokerage account to the nonprofit's brokerage account. The nonprofit will provide you with their account details, making the transfer seamless. 

Tax Deduction: After the stock transfer is complete, you will receive a receipt for your tax-deductible donation. It is important to consult with a tax professional to maximize your tax benefits. 

The Nonprofit Sells the Stock: Once we receive the donated stock, we will sell it and use the proceeds to further our mission. 

Stock Donations: A New Frontier in Charitable Giving 

The acceptance of stock donations is a clear testament to the adaptability and innovation of our organizations. By embracing this approach, we can tap into a new funding source to significantly bolster our mission. As a donor, on the other hand, you can maximize your giving potential while enjoying substantial tax benefits. It is a win-win scenario that showcases the creative ways we are evolving to support those food insecure through our work. 

Let’s Get Started 

Email for the Gift Stock Form.