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Interested in making a stock gift?

Your stocks might get pulses racing on Wall Street, but here at the Connecticut Humane Society, they keep hearts beating, tails wagging and purrs rumbling. Donating stock to the pets has never been quicker or easier, thanks to CHS’ partnership with Overflow. Or, email kgarofano@cthumane.org to get information to forward to your broker.

A gift of appreciated securities held for more than one year may provide significant benefits to you as a contributor, benefits which may include:

  • a charitable tax deduction
  • eliminating a capital gains tax
  • claiming a loss from a stock sale
  • helping you reduce your income or estate taxes

Securities are most often used to support CHS’ work in the form of:

An outright gift. When you donate securities to CHS, you receive the same income tax savings that you would if you wrote CHS a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent. Consult your financial planner or tax adviser for assistance in evaluating the tax advantages which might be available to you.

A transfer on death (TOD) account.* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. Note that state laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.

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