0 0

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.

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.

Interested in making a stock gift?

Please fill out the form below to notify CHS of your gift. Stock donations transfer to CHS’ account with no accompanying donor information. In order for CHS to identify your gift and appropriately acknowledge your generosity, you will need to provide the gift details in advance. The brokerage information for processing the transfer will follow in an automated email that you will receive after you submit the form.

0 0