Stock Gifts

 

 

 

Donating appreciated stocks (or other securities like mutual fund shares and bonds) is a tax-savvy alternative to giving cash to support Animal Humane New Mexico.

Q: What does “appreciated” mean?

A: Stock owned for more than one year, whether it has increased or decreased in value.

Donating appreciated stock or securities offers a number of benefits:

  • A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income);
  • Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
  • Avoidance of capital gains tax that is due when you sell appreciated stock.

If stock has decreased in value, selling it and making a cash gift to Animal Humane New Mexico may be of more benefit to you. You can take a capital loss on federal taxes and still enjoy a charitable deduction up to 50% of your adjusted gross income.

We recommend you consult a tax or financial professional for the various tax benefits and restrictions that may apply for you.

How to Transfer Stock as a Donation to Animal Humane New Mexico

  1. Contact us online or call 505.938.7919 to obtain our DTC Transfer information, and to provide your contact information, the name of the stock and the number of shares being transferred. We do not receive any information that identifies you as the donor so this ensures that we are able to properly credit and acknowledge your gift.

  2. Please inform us if your stock transfer is eligible for an employer matching gift contribution.

How to Donate Other Securities

To donate mutual fund shares or other securities, please contact the organization with whom you have the mutual fund or security.

If you have questions, need assistance or would like to notify us of an incoming gift, please contact Stephanie Miller, Director of Major Gifts, at 505.938.7919.